X and Y are discrete random variables with the following joint distribution: That is, Pr(X = 1,

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X and Y are discrete random variables with the following joint distribution:
X and Y are discrete random variables with the following

That is, Pr(X = 1, Y = 14) = 0.02, and so forth.
(a) Calculate the probability distribution, mean, and variance of Y.
(b) Calculate the probability distribution, mean, and variance of Y given X = 8.
(c) Calculate the covariance and correlation between X and Y.

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Introduction to Econometrics

ISBN: 978-0133595420

3rd edition

Authors: James H. Stock, Mark W. Watson

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