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Good day, Please try to answer all the parts with the correct answers, please take the question as you see and if the answer is
Good day, Please try to answer all the parts with the correct answers, please take the question as you see and if the answer is reasonably good, I will upvote with 5 star ratings straight away so good ratings for you so dont worry about downvoting so I can learn without delay. if handwriting no problem but please make it clear to read! Thank you! No missing info and no references needed!
Q6. Consider two random variables, W and Z, where Cov(W,Z) = 0.025, Var(W) = 0.3 and Var(Z) = 0.2 A. The covariance between W and Z is positive. Will the correlation necessarily be positive too? Explain. (3 points) B. What is the value of Var(2W 32)? (4- points) C. If Cov(W,Z) were to increase, what would happen to the value of Var(2W 32)? Provide an intuitive explanation. (3 points)Step by Step Solution
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