Performance by a student in this course depends on his/her marks obtained in the quizzes and his/her marks obtained in the exams. Let us denote the following random variables:
X: marks obtained in the quizzes
Y : marks obtained in the exams
Z: performance in the course
Assume that the mean and standard deviation of Z are µZ and σZ, respectively. Further assume that X and Y are related to Z as
X = aZ
Y = b + cZ
where a, b, and c are constants. Mean and standard deviation of X are µX and σX, respectively. Mean and standard deviation of Y are µY and σY , respectively.
(a) Show that E[XY ] = abµz + acσ^2z + acµ^2z.
(b) Show that σXY = acσ^2z
(c) Calculate ρXY and comment on the correlation between the marks obtained in the quizzes and the marks obtained in the exams
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