Question: Consider the joint probability distribution below. Complete parts (a) through (c). X 1 2 Y 0 0.50 0.00 1 0.00 0.50 a. Compute the
Consider the joint probability distribution below. Complete parts (a) through (c). X 1 2 Y 0 0.50 0.00 1 0.00 0.50 a. Compute the marginal probability distributions for X and Y. X 1 2 P(y) Y 0 0.50 0.00 0.50 1 0.00 0.50 0.50 P(x) 0.50 0.50 (Type integers or decimals.) b. Compute the covariance and correlation for X and I. Cov(X,Y)=0.25 (Type an integer or a decimal.) Corr(X,Y)=(Round to three decimal places as needed.)
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