How to mix two sets of Probabilities

mercredi 18 février 2015

I have a question of Var and Mean of two independent populations:



Say we have RV owners and Boat owners and assume they are independent. If given Mean and Var of each (so 4 data points) but not how they are distributed - i.e we do not know how many Boat or RV owners are there nor the sum total. Under what conditions could we calculate a Mean and a Var for the combined group and calculate probabilities via Normal Table ? Is being independent enough ? Could we aggregate the Means and Var together ?



This seems like a basic level questions but I do not get it - or atleast would like to know how you would do - this question probably falls under aggregate Mean/Var portion.



Thanks for your suggestions - :)





How to mix two sets of Probabilities

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