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If Random Variablesx1and X2 Are Independent, Thenσ22x12+xx=+σσ1 2x2

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If random variablesx1and x2 are independent, thenσ22x12+xx=+σσ1 2x2


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The process of creating goods or services by combining various inputs like labor, capital, and natural resources.

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An increase in the production of goods and services in an economy over a period, typically measured as the percent change in GDP.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, usually measured by GDP.

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