Question: A real estate agent is interested in the relationship between the number of lines in a newspaper advertisement for an apartment and the volume of
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a. Find the joint cumulative probability at X = 1, Y = 4, and interpret your result.
b. Find and interpret the conditional probability distribution for Y, given X = 0.
c. Find and interpret the conditional probability distribution for X, given Y = 4.
d. Find and interpret the covariance between X and Y.
e. Are number of lines in the advertisement and volume of inquiries independent of one another?
Number Number of Inquiries (X) of Lines () 0 0.09 0.07 0.03 0.14 0.23 0.10 2 0.07 0.16 0.11
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a Joint cumulative probability function at X 1 Y 4 F XY 14 09 07 14 23 53 b P YX 30 0919 4... View full answer
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