This question requires calculating the variance of a transformed random variable \(Y\) based on the properties of the original random variable \(X\). We are given the mean and standard deviation of \(X\).
Recall the properties of variance:
Calculate the variance of \(X\):
Using the given standard deviation \(\sigma_X = 5\):
\( \text{Var}(X) = (\sigma_X)^2 = 5^2 = 25 \)
Calculate the variance of \(Y\):
For the transformation \(Y = 2X - 5\), we have \(a=2\) and \(b=-5\). Apply the variance property:
\( \text{Var}(Y) = \text{Var}(2X - 5) = 2^2 \times \text{Var}(X) \)
Substitute the calculated \(\text{Var}(X)\):
\( \text{Var}(Y) = 4 \times 25 = 100 \)
The variance of the random variable \(Y = 2X - 5\) is 100.
The mean and variance of five observations are 14 and 13.2 respectively. Three of the five observations are 11, 16 and 20. What are the other two observations ?
A die is thrown 10 times and obtained the following outputs :
1, 2, 1, 1, 2, 1, 4, 6, 5, 4
What will be the mode of data so obtained ?
For data -1, 1, 4, 3, 8, 12, 17, 19, 9, 11; if M is the median of first 5 observations and N is the median of last five observations, then what is the value of 4M - N ?
Let P, Q, R represent mean, median and mode. If for some distribution \(5 P=4 Q=\frac{R}{2}\) then what is \(\frac{P+Q}{2 P+0.7 R}\) equal to ?
Consider the following frequency distribution :
| x | 1 | 2 | 3 | 5 |
| f | 4 | 6 | 9 | 7 |
What is the value of median of the distribution ?
What is the algebraic sum of the deviations of the same set of values measured from 99?
What is the mean of the values?
Match the following:
| (a) Marginalist Revolution | (i) Samuelson |
| (b) Multiplier-Accelerator model | (ii) J. R. Hicks |
| (c) IS-LM curves | (iii) Jevous |
| (d) Real Business Cycle | (iv) Robert J. Borro |
Choose the correct option from those given below:
Which one of the following responses is true as a solution to simultaneous equation bias?
A. OLS method
B. Principle Component Method
C. Two - stage Least Square Method (2 SLS method)
D. Full Information Maximum Likelihood method (FIML)
Choose the correct option.
Time series under the condition (E xt ) = μ and cov(x t, x t + k ) = Y(K) is said to be
Given the sample size 400 with the sample mean 99, the population mean 100 and computed value of z statistic at 2.5, the value of population standard deviation will be
Which one of the following price index numbers satisfies the factor reversal test?