Let a,b,c and d be constants. Use the rules of expected value to show that Cov(aX+b, cY+d) = ac Cov(X,Y).

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 58E
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Let a,b,c and d be constants. Use the rules of expected value to show that Cov(aX+b, cY+d) = ac Cov(X,Y).

 

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