Consider the joint probability distribution below. Complete parts (a) through (c). Х Y 0 1 1 0.40 0.15 2 0.15 0.30 a. Co
Posted: Wed Mar 09, 2022 8:32 am
Consider the joint probability distribution below. Complete parts (a) through (c). Х Y 0 1 1 0.40 0.15 2 0.15 0.30 a. Compute the marginal probability distributions for X and Y. Х 2 1 Ply) Y 0 0.40 0.15 1 0.15 0.30 P(x) (Type integers or decimals.) b. Compute the covariance and correlation for X and Y. Cov(X,Y)= = (Round to four decimal places as needed.) Corr(X,Y)= (Round to three decimal places as needed.) c. Compute the mean and variance for the linear function W=X+Y. Hw= (Round to two decimal places as needed.) 2 of W = (Round to four decimal places as needed.)