Descriptive Statisticshard
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Consider two independent random variables XX and YY representing test scores from two different exam sections. Suppose Var(X)=σX2Var(X) = \sigma_X^2 and Var(Y)=σY2Var(Y) = \sigma_Y^2. A student defines a composite performance index Z=αX+(1α)YZ = \alpha X + (1-\alpha) Y, where 0<α<10 < \alpha < 1. To minimize the variance of the composite index Var(Z)Var(Z), what value of α\alpha should be chosen?