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?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
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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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