THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 226

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A random variable X is normally distributed with mean of 50 and variance of 50,and a random variable Y is normally distributed with mean of 100 and variance of 200.
-Given the random variables X and Y have a correlation coefficient equal to 0.50,find the mean and variance of the random variable W = 4X+3Y.

---

Definitions:

Nonpersonal Communication

involves disseminating information to a wide audience through channels not involving personal contact, such as broadcasting or print media.

Firm's Stakeholders

Individuals or groups who have an interest or stake in the outcomes of a company's decisions, actions, and overall performance.

Unaided Recall Test

A measure of memory where individuals are asked to remember information without any prompts or cues.

Personal Selling

A direct sales approach that involves face-to-face interaction between a salesperson and a potential customer, to persuade the customer to make a purchase.