Question

purcased, 1, äre +o an+esectivery Ie almount of lype II chemical purchased, Y2, has E(Y) = 65 gallons and V (%) 8. Assume that Yl and Y2 are independent and find the mean and variance of the total amount of money spent per week on the two chemicals. 5.103 Assume that Y,, Y, and Y are random variables, with V(Y2)6 Find EGY +4%-5%) and V (3% +4%-6Y3). E(Y) = 2. Packet 16

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Answer #1

Note that E(aX+bY+cZ)= aE(X)+bE(Y)+cE(Z)

and V(aX+bY+cZ)= a2V(X)+b2V(Y)+c2V(Z)+2ab*cov(X,Y)+2bc*cov(Y,Z)+2ac*cov(X,Z).

Using these formulaes we get,

6-4-24 1, 12 36+ 96+ 288+24 +36 480If you have any doubt,feel free to ask.

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