Descriptive Statisticshard
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Suppose a sample of nn random variables X1,X2,,XnX_1, X_2, \dots, X_n each has variance σ2\sigma^2, and the correlation between any pair XiX_i and XjX_j (iji \ne j) is a constant ρ>0\rho > 0. What is the variance of the sample mean Xˉ=1ni=1nXi\bar{X} = \frac{1}{n}\sum_{i=1}^n X_i?