THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 58

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The following table displays the joint probability distribution of two discrete random variables X and Y.
-Compute the variance for the linear function W = 2X + Y.

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Definitions:

Liable

Legally responsible for an action or outcome, often involving the obligation to make restitution or compensation.

Voluntary Basis

Participation or action taken by an individual or entity without coercion, typically without expectation of payment.

Consideration

An item of worth traded between entities within a contractual agreement, rendering the contract enforceable by law.

Enforce

To compel observance of or compliance with a law, rule, or obligation.