Here's the problem that I am having.
Let X and Y be random variables with E(X)=1, E(Y)= 4 Var(X)= 4 Var(Y)=6 p=1/2. Find mean and variance of Z= 3X-2Y.
I found the mean. I just need help finding Var(Z). Please help me out. Thanks.
Here's the problem that I am having.
Let X and Y be random variables with E(X)=1, E(Y)= 4 Var(X)= 4 Var(Y)=6 p=1/2. Find mean and variance of Z= 3X-2Y.
I found the mean. I just need help finding Var(Z). Please help me out. Thanks.
Hello,
For this, you have to remember that the mean is a linear function, that is to say E(aX+bY)=aE(X)+bE(Y)
For the variance, the formula is : var(aX+bY)=a^2 var(X)+b^2 var(Y), assuming that X and Y are independent. Otherwise you will need more information.
You can prove this formula with the definition of the variance that includes the mean :
var(X)=E(X^2)
and var(X+Y)=var(X)+var(Y) if X and Y are independent.
Edit : What is p ???