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.
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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Author:Sheldon Ross
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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{}
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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 \( Z = 4X + 5Y \).
\[
\sigma_Z^2 = \boxed{}
\]
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