Question: Consider a random variable y, where y=x1 + x2 + x3 + x4 x1, x2, x3 and x4 are normally distributed; their means and standard

Consider a random variable y, where y=x1 + x2 + x3 + x4

x1, x2, x3 and x4 are normally distributed; their means and standard deviations are given below.

x1; mean =16 and standard deviation 5

x2; mean=39 and standard deviation 6

x3; mean=56 and standard deviation 20

x4; mean=52 and standard deviation 21

Then the mean of y=______, (enter an integer value)

Standard deviation of y=_______ (Round answer two decimal places)

Please show all work!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!