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Tomorrow's noon temperature (C) in Otaniemi is modeled with the random variable X1, which has an expected value of 16 and a standard deviation of
Tomorrow's noon temperature (C) in Otaniemi is modeled with the random variable X1, which has an expected value of 16 and a standard deviation of 2.1 degrees. The corresponding temperature in Tl is modeled with a random variable X2, which has an expected value of 16 and a standard deviation of 1.7 degrees. The correlation of random variables X1 and X2 has been estimated at 0.4. Calculate the random variable M=12(X1+X2) (a) expected value (b) standard deviation.
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