Gibby Brock has estimated the following joint probability distribution of returns for investments in the stock of

Question:

Gibby Brock has estimated the following joint probability of returns for investments in the stock of Lakeland Halfway Homes and Afton Brewery:

Gibby Brock has estimated the following joint probability distribution of

On the basis of Gibby's estimates, calculate the covariance and correlation coefficient between the two investments.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...