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)