Math Problem Statement
Compute the expected value and the variance for x and y. E(x)
39
Correct: Your answer is correct. E(y)
61
Correct: Your answer is correct. Var(x)
49
Correct: Your answer is correct. Var(y)
109
Correct: Your answer is correct. (b) Develop a probability distribution for x + y. x + y f(x + y) 130 0.2
Correct: Your answer is correct. 80 0.3
Correct: Your answer is correct. 100 0.5
Correct: Your answer is correct. (c) Using the result of part (b), compute E(x + y) and Var(x + y). E(x + y)
100
Correct: Your answer is correct. Var(x + y)
158
Solution
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Math Problem Analysis
Mathematical Concepts
Probability Distribution
Expected Value
Variance
Sum of Random Variables
Formulas
E(x + y) = Σ (x + y) ⋅ f(x + y)
Var(x + y) = Σ (x + y)^2 ⋅ f(x + y) - [E(x + y)]^2
Var(x + y) = Var(x) + Var(y) for independent variables
Theorems
Law of Total Expectation
Variance Addition Rule (for independent random variables)
Suitable Grade Level
Undergraduate Level (Probability and Statistics)
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