4. A real estate agent has the data on the housing prices (X₁, in millions of pesos), the number of bedrooms in the house (X₂), and the size of the house (X3, in thousands of square feet) of the 88 properties he sold. Suppose that X~N3 (μ, E), and the mean [1.5] vector and covariance matrix are μ = [1.3 2.1 4.01 and Σ = 2.1 5.0 2.3, respectively. 14.0 2.3 2.0] L2.4] Suppose that he is interested in 0.002X₂ + 0.123X3, determine the distribution of this linear combination.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 2EQ: 2. Suppose that in Example 2.27, 400 units of food A, 500 units of B, and 600 units of C are placed...
icon
Related questions
Question
4. A real estate agent has the data on the housing prices (X₁, in millions of pesos), the
number of bedrooms in the house (X₂), and the size of the house (X3, in thousands of
square feet) of the 88 properties he sold. Suppose that X~N3(µ,Σ), and the mean
[1.5]
vector and covariance matrix are μ =
[1.3 2.1 4.01
and Σ = |2.1 5.0 2.3, respectively.
L4.0 2.3 2.0]
12.4
Suppose that he is interested in 0.002X₂ + 0.123X3, determine the distribution of this
linear combination.
Transcribed Image Text:4. A real estate agent has the data on the housing prices (X₁, in millions of pesos), the number of bedrooms in the house (X₂), and the size of the house (X3, in thousands of square feet) of the 88 properties he sold. Suppose that X~N3(µ,Σ), and the mean [1.5] vector and covariance matrix are μ = [1.3 2.1 4.01 and Σ = |2.1 5.0 2.3, respectively. L4.0 2.3 2.0] 12.4 Suppose that he is interested in 0.002X₂ + 0.123X3, determine the distribution of this linear combination.
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning