Solution Found!
Let X and Y be random variables with ?X = 1, ?X = 2, ?Y =
Chapter 2, Problem 18SE(choose chapter or problem)
Let X and Y be random variables with \(\mu_X=1\), \(\sigma_X=2\), \(\mu_X=3\), \(\sigma_Y=1\), and \(\rho_{X,Y}=0.5\). Find the means and variances of the following quantities.
a. \(X+Y\)
b. \(X−Y\)
c. \(3X+2Y\)
d. \(5Y−2X\)
Equation Transcription:
Text Transcription:
mu_X=1
sigma_X=2
mu_Y=3
sigma_Y=1
rho_{X,Y}=0.5
X+Y
X−Y
3X+2Y
5Y−2X
Questions & Answers
QUESTION:
Let X and Y be random variables with \(\mu_X=1\), \(\sigma_X=2\), \(\mu_X=3\), \(\sigma_Y=1\), and \(\rho_{X,Y}=0.5\). Find the means and variances of the following quantities.
a. \(X+Y\)
b. \(X−Y\)
c. \(3X+2Y\)
d. \(5Y−2X\)
Equation Transcription:
Text Transcription:
mu_X=1
sigma_X=2
mu_Y=3
sigma_Y=1
rho_{X,Y}=0.5
X+Y
X−Y
3X+2Y
5Y−2X
ANSWER:
Answer :
Step 1 of 1 :
Given,
let X and Y be independent random variables with = 1, =2, = 3, = 1 and
= 0.5
cov(X,Y) = () ( )
= (0.5) (2)(1)
= 1
The claim is to find the mean and variances for the following quantities
- X + Y
- X - Y
- 3X + 2Y
- 5Y - 2X