Consider two random variables X and Y . Here, we define the covariance between X and Y,
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Consider two random variables X and Y. Here, we define the covariance between X and Y, written Cov(X,Y). The covariance gives some information about how X and Y are statistically related. Let us provide the definition, then discuss the properties and applications of covariance.
Related Book For
Introduction to Probability
ISBN: 978-0716771098
1st edition
Authors: Mark Daniel Ward, Ellen Gundlach
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