document.write( "Question 503214: A random variable X has mean 110 and standard deviation 18, and a random variable Y has mean 215 and standard deviation 30; and the correlation between X and Y is r=0.75. The standard deviation of X+Y is [x]. (Round your answer to 2 decimal places.) \n" ); document.write( "
Algebra.Com's Answer #339141 by Sarpi(32)\"\" \"About 
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E(.)= the mean
\n" ); document.write( "s(.)= the standard deviation\r
\n" ); document.write( "\n" ); document.write( "So, E(X)=110 s(X)=18 ; E(Y)=215 s(Y)=30
\n" ); document.write( " r(X,Y)=0.75
\n" ); document.write( "The standard deviation of X+Y, formula;
\n" ); document.write( " \"Var%28X%2BY%29=+Var%28x%29%2BVar%28y%29%2B2cov%28x%2Cy%29\" \"Var= \"s%5E2\" \"\r
\n" ); document.write( "\n" ); document.write( "The above formula comes from this general formula
\n" ); document.write( "\"Var%28aX%2BbY%29=+a%5E2Var%28x%29%2Bb%5E2Var%28y%29%2B2abcov%28x%2Cy%29\" note: a and b are equal to 1, the coefficient of X and Y\r
\n" ); document.write( "\n" ); document.write( "\"Var%28X%2BY%29=+18%5E2%2B30%5E2%2B2cov%28x%2Cy%29\". We therefore need to find the covariance of X and Y
\n" ); document.write( "Formula: \"r%28x%2Cy%29=+Cov%28x%2Cy%29%2F%28s%28x%29%2As%28y%29%29\" . The actual formula for finding the cov(x,y) is \"E%28XY%29-E%28X%29%2AE%28Y%29\". We don't know the value of E(XY) so we use the alternative since r(x,y) is given.\r
\n" ); document.write( "\n" ); document.write( "\"r%28x%2Cy%29=+Cov%28x%2Cy%29%2F%28s%28x%29%2As%28y%29%29\"
\n" ); document.write( "\"0.75=+Cov%28x%2Cy%29%2F%2818%2A30%29\"
\n" ); document.write( "\"Cov%28x%2Cy%29=+0.75%2A%2818%2A30%29\"
\n" ); document.write( "Cov(x,y)=405\r
\n" ); document.write( "\n" ); document.write( "However, \"Var%28X%2BY%29=+18%5E2%2B30%5E2%2B2cov%28x%2Cy%29\"
\n" ); document.write( " \"Var%28X%2BY%29=+18%5E2%2B30%5E2%2B2%2A405\"
\n" ); document.write( " \"Var%28X%2BY%29=+2034\"
\n" ); document.write( "That implies \"sqrt%282034%29\" is equal to the standard deviation of X+Y
\n" ); document.write( "So, s(X+Y)=45.10\r
\n" ); document.write( "\n" ); document.write( "I hope you really understand the steps. And your feedback will be appreciated.
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