Let X and Y be random variables. Suppose Var(X) = 1.6, Var(Y) = 1.5, and Cov(X, Y) = 0.1. Let Z = -1.2X + 1.2Y + 4.7.  Calculate Var(Z).

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 36E
icon
Related questions
Question

Let X and Y be random variables. Suppose Var(X) = 1.6, Var(Y) = 1.5, and Cov(X, Y) = 0.1.

Let Z = -1.2X + 1.2Y + 4.7. 

Calculate Var(Z).

Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Multivariate Distributions and Functions of Random Variables
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning