Two chips are drawn without replacements from an urn containing 5 chips, numbered 1-5. The average of the two drawn is to be used as an estimator, $\hat\theta$, for the true average of all the chips ($\theta$). Calculate $P(|\hat\theta - 3| > 1.0)$.
solution: $P(|\hat\theta - 3| > 1.0) = P(\hat\theta < 2) + P(\hat\theta > 4) = P(\hat\theta = 1.5) + P(\hat\theta = 4.5) = P(1,2) + P(4.5) = \frac{2}{10}$.
I don't understand why the average is between $1.5$ and $4.5$
can someone please help me understand this problem? I understand until $P(|\hat\theta - 3| > 1.0) = P(\hat\theta < 2) + P(\hat\theta > 4) $ The answer is 2/10.
i would appreciate. Thanks
I don't understand why the average is between 1.5 and 4.5:As to the question itself:
Let $X$ denote the average of the selected numbers
Then $P(|X-3|>1)=P([X<2]\vee[X>4])$
There are $\color{red}{10}$ ways to choose $2$ out of $5$ numbers:
As you can see, there are $\color{red}{2}$ cases where $[X<2]$ or $[X>4]$, hence the probability is $\color{red}{\dfrac{2}{10}}$.