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The random variables X and Y have joint probability distribution specified by the following table: y=1 y=2 y=3 x=1 0.30 0.05 0.00 x=2 0.05 0.20
The random variables X and Y have joint probability distribution specified by the following table:
y=1 | y=2 | y=3 | |
x=1 | 0.30 | 0.05 | 0.00 |
x=2 | 0.05 | 0.20 | 0.05 |
x=3 | 0.00 | 0.05 | 0.30 |
Please provide all answers to the following to three decimal places. (a) Find the expectation of XY. (b) Find the covariance Cov(X,Y) between X and Y. (c) What is the correlation between X and Y? (d) Suppose the random variables X and Y above are connected to random variables U and V by the relations
X=6U+7 Y=8V+9
What is the covariance Cov(U,V)? (e) What is the correlation between U and V?
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