Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Era's total aircraft sales per year are represented by T= W+Z. Answer the following questions Q35 and Q36 ignoring your answer in Q34 and assuming

Era's total aircraft sales per year are represented by T= W+Z. Answer the following questions Q35 and Q36 ignoring your answer in Q34 and assuming that the correlation coefficient between W and Z is 0.60.

To calculate the expected total annual sales E(T) : a) you must assume independence between W and Z b) the correlation between W and Z must be perfect c) W and Z must be normally distributed d) no assumption is necessary e) W and Z must be highly correlated

The standard deviation of total sales (T) is (in units) : a) between 1020 and 1030 b) between 1070 and 1080 c) between 1080 and 1090 d) impossible to calculate because the correlation between W and Z is not perfect e) impossible to calculate because W and Z are not independent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: Gareth Williams

8th Edition

1449679579, 9781449679576

More Books

Students also viewed these Mathematics questions