Recent content by tlitterio

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    Covariance of two products

    Covariance of two products I am in a stats class and the professor has asked us to calculate the covariance and the standard deviation of the total revenue. I was given the below information: X Unit Price = $10 E[X] = 10,000 Var(X) = 1,000,000 Y Unit Price = $5 E[Y] = 7,000...