Problem 2: Let X and Y be two independent random variables with E(X) = 1, E(Y) = 0, Var(X) = 4, Var(Y) = 2. Let W = 2X + Y +1 and Z = 3X +Y. a) Find the expect ed value of W, the expected value of Z. b) Find the variance of W. c) Find the covariance of Z and W.
Problem 2: Let X and Y be two independent random variables with E(X) = 1, E(Y) = 0, Var(X) = 4, Var(Y) = 2. Let W = 2X + Y +1 and Z = 3X +Y. a) Find the expect ed value of W, the expected value of Z. b) Find the variance of W. c) Find the covariance of Z and W.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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