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Business, 10.03.2020 01:18 lbedonte

In the next year, an economist in a particular nation believes that exports will have a mean of 165 and a standard deviation of 15 (in millions of dollars). In addition, he believes that imports will have a mean of 80 and a standard deviation of 13 (in millions of dollars). Finally, he believes that the correlation between imports and exports will be -0.36. Define the trade balance as exports minus imports. Find the mean and the standard deviation of the trade balance (in millions of dollars).

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In the next year, an economist in a particular nation believes that exports will have a mean of 165...
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