Let X and Y be random variables with ?X = 1, ?X = 2, ?Y =

Chapter 2, Problem 18SE

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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

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

  1. X + Y

  1. X - Y

  1. 3X + 2Y

  1. 5Y - 2X


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