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Consider two random variables X and Y, with Y = (a+bX) - Find E(Y) - Find...

Consider two random variables X and Y, with Y = (a+bX)

- Find E(Y)

- Find Cov(X,Y)

- Find Corr(X,Y)

Expert Solution

let the expectation and the variance of X be that is,

now

[since, E(u+v)=E(u)+E(v)]

[since the expectation of a constant is the constant itself and E(bX)=bE(X) when b is a constant]

now,

milcah answered 1 year ago

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Question

Consider two random variables X and Y, with Y = (a+bX) - Find E(Y) - Find...

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Expert Solution

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