Question: 4.76 Consider the following probability distribution: X 1 5 Y 1 0.32 0.15 3 0.24 0.29 a. Compute the marginal probability distributions for X and

4.76 Consider the following probability distribution:

X 1 5 Y 1 0.32 0.15 3 0.24 0.29

a. Compute the marginal probability distributions for X and Y.

b. Compute the covariance and correlation for X and Y.

c. Compute the mean and variance for the linear function W = 5X - 3Y.

Application Exercises

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