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If Var(x) = 4, find Var (3x+8), where X is a random variable.
Var (ax+b) = a2 Var x
Var (3x+8) = 32 Var x = 36
We here move to one of the major applications of differential equations both into this class and in general. Modeling is the process of writing a differential equation to explain a
What is the better buy?a square pizza measuring 8 inches by 8inches that cost $10 or a round pizza with a 9 inch diameter that also cost $10?
Conditional Probability: Independent Events If the probability of an event is subject to a restriction on the sample space, the probability is said to be conditional. Co
1. In an in finite horizon capital/consumption model, if kt and ct are the capital stock and consumption at time t, we have f(kt) = ct+kt+1 for t ≥ 0 where f is a given production
Average cost function : Now let's turn our attention to the average cost function. If C ( x ) is the cost function for some of the item then the average cost function is,
Find out Least Common Multiple? The smallest number that is a common multiple of two numbers (that is, both numbers share the same multiple) is called the least common multiple
Probability Distributions Since the value of a random variable cannot be predicted accurately, by convention, probabilities are assigned to all the likely values that the varia
In this part we look at another method to obtain the factors of an expression. In the above you have seen that x 2 - 4x + 4 = (x - 2) 2 or (x - 2)(x - 2). If yo
A drug is administrated once every four hours. Let D(n) be the amount of the drug in the blood system at the nth interval. The body eliminates a certain fraction p of the drug duri
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