Let X₁~N(-1,5), X₂~N(3,2), X3~N(0,1). They are independent rv's. Find the probability distribution for Z = X₁ - 2X₂ + 3X3.
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- Let X ~ U[0,1] and Y = -βln(1-X). What is the distribution of Y? Justify.If X~beta(3,2) is independent of Y~beta(3,4), what is the distribution of X+YSuppose that the random change in value of a financial asset is X over the first day and Y over the second. Suppose also that Var(X) =18 and Var(Y) = 26 In this case, the total change in the value over these two days is given by X +Y. Do you have enough information to compute Var(X +Y)? If so, compute this value. If not, explain what additional information you need to do so.
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