Question: Let (X) and (Y) be random variables with expected values (mu=mu_{X}=mu_{Y}) and variances (sigma^{2}=sigma_{X}^{2}=sigma_{Y}^{2}). Let (Z=(2 X+Y) / 2). a. Find the expected value of
Let \(X\) and \(Y\) be random variables with expected values \(\mu=\mu_{X}=\mu_{Y}\) and variances \(\sigma^{2}=\sigma_{X}^{2}=\sigma_{Y}^{2}\). Let \(Z=(2 X+Y) / 2\).
a. Find the expected value of \(Z\).
b. Find the variance of \(Z\) assuming \(X\) and \(Y\) are statistically independent.
c. Find the variance of \(Z\) assuming that the correlation between \(X\) and \(Y\) is -0.5 .
d. Let the correlation between \(X\) and \(Y\) be -0.5 . Find the correlation between \(a X\) and \(b Y\), where \(a\) and \(b\) are any nonzero constants.
Step by Step Solution
3.35 Rating (161 Votes )
There are 3 Steps involved in it
Lets solve each part of the question a Expected value of Z EZ Eleftfrac2X Y2 ight Using linearity of ... View full answer
Get step-by-step solutions from verified subject matter experts
