Hard Stats Question Help!
read attachment. :)
Okay, since they are giving you the variance, can you tell me some equations they gave you regarding variance and expected value?
as well as covariance?
Okay so for (a) we use the fact that: \[ E[cX] = cE[X],\quad E[X+Y] = E[X]+E[Y] \]Thus \[ E[Z] = E\left[\frac{X+Y}{2}\right] = \frac{1}{2}E[X+Y] = \frac{1}{2}(E[X]+E[Y]) = \frac{\mu_X+\mu_Y}{2} \]
u still there
For (b), by saying they are independent, they're essentially telling us that \(Cov(X,Y)=0\).
for part a is E[z] just μ
We want to use \[ Var(aX) = a^2 Var(X),\quad Var(X+Y) = Var(X)+Var(Y)+2Cov(X,Y) \]
@sall1234 Yeah, I'm not saying it isn't.... remember that \(\mu_X = \mu_Y = \mu\)? Just use that fact with the formula I gave.
is part b σ²/2 and is part c (3/4)σ²
Anyway for (b) we get \[ Var(Z) = Var\left(\frac{X+Y}{2}\right) = \frac{1}{4}Var(X+Y) = \frac{Var(X)+Var(Y)+0}{4} = \frac{\sigma_X^2+\sigma_Y^2}{4} \]
For (c) we get \[ \frac{\sigma_X^2+\sigma_Y^2+2\cdot 0.5\sigma^2}{4} = \frac{\sigma_X^2+\sigma_Y^2+\sigma^2}{4} \]
@sall1234 That looks right... why you ask these questions?
I wasnt sure I was right? Now i know for sure! :)
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