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Question 3 (32 marks) To answer this question, you may wish to review the definitions of the mean and variance of a random variable, and
Question 3 (32 marks) To answer this question, you may wish to review the definitions of the mean and variance of a random variable, and the definition of the covariance between two random variables, which were reported in Lecture 2. Let Y; = Po + ur, where u = our 1+,
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