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Topic: i.id. random variables
Replies: 8   Last Post: Jun 21, 2017 1:06 PM

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Bijan Mobasseri

Posts: 56
Registered: 12/7/04
i.id. random variables
Posted: Jun 9, 2017 5:21 AM
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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?




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