Question: How would you solve the below? Rounded to nearest two decimal places. Use the probability distribution given in the table below and consider two new

How would you solve the below? Rounded to nearest two decimal places. Use the probability distribution given in the table below and consider two new random variables, W = 2+ 8X and V = 9 + 5Y, to answer the following questions

Joint Distribution of Weather Conditions and Commuting Times

Rain (x=0) No Rain (x=1) Total
Long commute (Y = 0) 0.36 0.02 0.38
Short commute (Y = 1) 0.38 0.24 0.62
Total 0.74 0.26 1.00

1) Compute the mean of W. E(W) =

2) Compute the mean of V. E(V) =

3) Compute the variance of W. =

4) Compute the variance of V. =

5) Compute the covariance between W and V =

6) Compute the correlation between W and V =

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