If a risk is a product of four factors, and there is a correlation between two of

Question:

If a risk is a product of four factors, and there is a correlation between two of them, show that the risk must lie between a low value, assuming that all four are independent, and a high value, assuming that the largest of two coupled risks and the other two independent risks are independent of each other.

Fantastic news! We've Found the answer you've been seeking!