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Unformatted text preview: Q: What is the expected value and variance of: Given two independent random variables: Problem – Find the expected value and variance of: Problem: Find the variance of: 6. Standardizing a Random Variable – to standardize, subtract the mean from the random variable and divide by its standard deviation. Q: What properties does ANSWER :...
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This note was uploaded on 06/03/2009 for the course ECON 203 taught by Professor Casler during the Spring '09 term at Allegheny.
 Spring '09
 Casler

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