(a) Suppose X and Y are independent random variables with standard deviations 3 and 2 respectively. Define Z = X − 2Y + 3. What is the standard deviation of Z? (b) Suppose X and Y are Poisson random variables. X has a mean of 1 and Y has a mean of 2. X and Y are correlated with CORR (X,Y) = 0.5. What is the variance of X + Y ? (c) refer to the table. What is the variance of the number of cards held by a person from this group?
(a) Suppose X and Y are independent random variables with standard deviations 3 and 2
respectively. Define Z = X − 2Y + 3. What is the standard deviation of Z?
(b) Suppose X and Y are Poisson random variables. X has a mean of 1 and Y has a mean of 2. X and Y are
(c) refer to the table.
What is the variance of the number of cards held by a person from this group?
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