If random variables X and Y each have variance o? = 3 and corr(X,Y) = 0.4, what is the value of Cov(3X – 1, 2Y +2)?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 29E
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A4. If random variables X and Y each have variance o? = 3 and corr(X,Y) = 0.4, what
is the value of Cov(3X – 1, 2Y + 2)?
Transcribed Image Text:A4. If random variables X and Y each have variance o? = 3 and corr(X,Y) = 0.4, what is the value of Cov(3X – 1, 2Y + 2)?
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