Random variables with standard deviations
Consider two random variables with standard deviations equal to 1.5 and 2.1. The standard deviation of the average of these two variables is equal to 1.7. The covariance is then equal to:
Answer
4.90
2.45
-3.77
2.50
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The foreman at a large plant estimates that there are defective parts about 1% of the time. If the plant produces 20,000 parts in a week, what is the variance for the number of defective parts?
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