91Ó°ÊÓ

Variance is a measure of how much a set of random variables spread out from their expected value. It quantifies the variability within a distribution. For a continuous random variable like \( Y \), its variance can be calculated using the expectation, or average, of its squared value minus the square of its expected value.

The formula for variance \( \operatorname{Var}(Y) \) is given by:
\[\operatorname{Var}(Y) = \mathbb{E}[Y^2] - (\mathbb{E}[Y])^2\]

Where:

• \( \mathbb{E}[Y^2] \) is the expectation of the square of \( Y \).
• \( \mathbb{E}[Y] \) is the expectation of \( Y \).

In the exercise, after determining the value of \( k \) that normalizes our probability function, we compute these expectations based on \( f_Y(y) \). This leads us to find the variance of \( Y \) which meets the specified condition of being equal to 2.

A probability density function (PDF) describes the likelihood of a random variable to take on a particular value. It is a crucial part of working with continuous random variables, like those seen in this exercise. For a PDF to be valid, its integral over the entire space needs to equal 1.

Given a function \( f_{Y}(y) = \frac{2y}{k^2} \) for \(0 \leq y \leq k\), to ensure it represents a valid PDF, the integral must satisfy:
\[\int_{0}^{k} f_{Y}(y) \, dy = 1\]
This condition ensures the total area under the curve is 1, signifying 100% probability. When solving for \( k \) in this exercise, we set up the integral and solved for which \( k \) the condition is fulfilled. This vital step ensures that the function \( f_Y(y) \) can accurately describe a distribution of our random variable \( Y \).

Expectation is a fundamental concept in probability that describes the average or mean value of a random variable. For continuous variables, the expectation is found using an integral of the random variable multiplied by its PDF.

The expectation of a random variable \( Y \), denoted \( \mathbb{E}[Y] \), is calculated using the formula:

• \( \mathbb{E}[Y] = \int_{0}^{k} y f_{Y}(y) \, dy \)

After finding \( k \) from normalizing the PDF, we substitute this into the integral to calculate the mean expected value of \( Y \). Additionally, it is often necessary to calculate the expectation of the square of \( Y \) in variance calculations:

• \( \mathbb{E}[Y^2] = \int_{0}^{k} y^2 f_{Y}(y) \, dy \)

Both calculations of \( \mathbb{E}[Y] \) and \( \mathbb{E}[Y^2] \) are essential to finding the variance of \( Y \), showing how expectation underpins many statistical calculations.