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Your econ professor is considering adding a side hustle of being a yoga instructor on top of teaching. The mean earnings for a teaching econ professor is $75,000, and the mean earnings of a part time yoga instructor is $15,000. The correlation between econ and yoga earnings is 0.85. Let W represent the total wealth earned from being an econ professor and yoga instructor. 18. What is the expected total wealth of an econ professor who also teaches yoga? 19. What is the covariance between an econ professor earning and a yoga teacher earning? 20. What is the standard deviation of W?

Your econ professor is considering adding a side hustle of being a yoga instructor on top of teaching. The mean earnings for a teaching econ professor is $75,000, and the mean earnings of a part time yoga instructor is $15,000. The correlation between econ and yoga earnings is 0.85. Let W represent the total wealth earned from being an econ professor and yoga instructor. 18. What is the expected total wealth of an econ professor who also teaches yoga? 19. What is the covariance between an econ professor earning and a yoga teacher earning? 20. What is the standard deviation of W?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Your econ professor is considering adding a side hustle of being a yoga instructor on top of teaching. The mean earnings for a teaching econ professor is $75,000, and the mean earnings of a part time yoga instructor is $15,000. The correlation between econ and yoga earnings is 0.85. Let W represent the total wealth earned from being an econ professor and yoga instructor. 18. What is the expected total wealth of an econ professor who also teaches yoga? 19. What is the covariance between an econ professor earning and a yoga teacher earning? 20. What is the standard deviation of W?
Transcribed Image Text:Your econ professor is considering adding a side hustle of being a yoga instructor on top of teaching. The mean earnings for a teaching econ professor is $75,000, and the mean earnings of a part time yoga instructor is $15,000. The correlation between econ and yoga earnings is 0.85. Let W represent the total wealth earned from being an econ professor and yoga instructor. 18. What is the expected total wealth of an econ professor who also teaches yoga? 19. What is the covariance between an econ professor earning and a yoga teacher earning? 20. What is the standard deviation of W?
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