We have the following information about the random variables X and Y: o² = 4.6, o} = 8.5, and pxy = 0.4. Calculate the variance of Z = 4X + 5Y.

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Chapter1: Combinatorial Analysis
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We have the following information about the random variables \( X \) and \( Y \):

\[
\sigma_X^2 = 4.6, \, \sigma_Y^2 = 8.5, \, \text{and} \, \rho_{XY} = 0.4.
\]

Calculate the variance of \( Z = 4X + 5Y \).

\[
\sigma_Z^2 = \boxed{}
\]
Transcribed Image Text:We have the following information about the random variables \( X \) and \( Y \): \[ \sigma_X^2 = 4.6, \, \sigma_Y^2 = 8.5, \, \text{and} \, \rho_{XY} = 0.4. \] Calculate the variance of \( Z = 4X + 5Y \). \[ \sigma_Z^2 = \boxed{} \]
Expert Solution
Step 1: Solution

Given that 

sigma squared subscript X equals 4.6
sigma squared subscript Y equals space 8.5
a n d space rho subscript X Y end subscript equals 0.40

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