Find the expected value and variance
You are told that E(X) = 4 and var(X) = 2. Based on these, find the (numeric values for the) expected value and variance of Y, that is E(Y) and var(Y), for Y as defined in each of the following expressions:
a. Y = 4X - 2b. Y = X + 8c. Y = X / 2
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A sporting goods store has estimated the demand curve for a popular brand of running shoes as a function of price. Use the diagram to answer the questions that follow.
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Identify and discuss the IS-LM framework (determination of income and the interest rate) and the equivalent AD-AS framework (determination of price level and income) and how changes in equilibrium occur as a result of changes in fiscal and moneta
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