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Question 3 (1 point) There are three states, Sunny (with probability 50%), Cloudy (with probability 30%) and Rainy (with probability 20%). The return of Parasol

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Question 3 (1 point) There are three states, "Sunny" (with probability 50%), "Cloudy" (with probability 30%) and "Rainy" (with probability 20%). The return of Parasol is 20% when sunny, 0% when cloudy, and 0% when rainy. The return of Umbrella is 0% when sunny, 5% when cloudy, and 10% when rainy. The correlation of Parasol and Umbrella is. Answer a number between - 1 and 1 e.g. -0.5 or 0.3. AJ

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