Math Problem Statement

Suppose X and Y are random variables with E(X) =10, std dev (X) = 3, E(Y) =15, and std dev (Y)= 4. Given that X and Y are independent, what are the mean and standard deviation of the random variable X - Y?

Explain exactly how you calculated your final answer.

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Statistics
Random Variables
Independence

Formulas

E(X - Y) = E(X) - E(Y)
Var(X - Y) = Var(X) + Var(Y)
std dev(X - Y) = √(Var(X - Y))

Theorems

Linearity of Expectation
Variance Sum for Independent Variables

Suitable Grade Level

College-Level Statistics or Probability