Consider the joint probability distribution below. Complete
parts (a) through (c)
Consider the joint probability distribution below. Complete parts (a) through (c). Х Y 0 1 1 0.35 0.00 2 0.00 0.65 a. Compute the marginal probability distributions for X and Y. Х 2 1 Ply) Y 0 0.35 0.00 1 0.00 0.65 P(x) (Type integers or decimals.) b. Compute the covariance and correlation for X and Y. Cov(X,Y)= (Type an integer or a decimal.) Corr(X,Y)= (Round to three decimal places as needed.) c. Compute the mean and variance for the linear function W = 8X - 12Y. Hw= (Type an integer or a decimal.) 2 ow = (Round to four decimal places as needed.)
Consider the joint probability distribution below. Complete parts (a) through (c)
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