If X and Y Are Independent,then COV(X,Y)= ____________________

question 198

Short Answer

If X and Y are independent,then COV(X,Y)= ____________________.

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Definitions:

Net Income

The remainder of a company's revenue after deducting all expenditures and taxes, known as net profit.

Consolidated Financial Statements

Consolidated Financial Statements present the financial position and performance of a parent company and its subsidiaries as a single entity, merging their individual statements into one comprehensive document.

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.

Parent Company

A company that owns more than 50% of the common stock of another entity.