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What is the variance

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Question: We have a dime and a fifty cent piece in a cup. We withdraw one coin. What is the expected amount of money we withdraw? What is the variance? Now we draw a second coin, without replacing the first. What is the expected amount of money we withdraw? What is the variance? Suppose instead we consider withdrawing two coins from the cup together. What is the expected amount of money we withdraw, and what is the variance? What does this example show about whether the variance of a sum of random variables is the sum of their variances.

Reference no: EM131578899

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