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Consider the following table which contains the probability of two events X and Y happening together: x 1 2 m 1 0.00 0.30 a) Compute

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Consider the following table which contains the probability of two events X and Y happening together: x 1 2 m 1 0.00 0.30 a) Compute and interpret the covariance and correlation between the events X and Y. [5 marks] b) Find the mean and variance for the linear function Z = 10X 8Y. [5 marks]

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