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i.id. random variables
Posted:
Jun 9, 2017 5:21 AM


Suppose xi is an i.i.d. random variable (x could indicate education level and i icould indicate an individual from the population). Suppose yi is another i.i.d. random variable (y could be monthly labor income and i could indicate an individual from the population). The product of two i.i.d random variables, xi*yi, is i.i.d. Does this mean that xi and yi are not correlated?



