# X and Y are discrete random variables with the following joint distribution: That is, Pr(X = 1, Y = 14)

## Question:

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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## Step by Step Answer:

**Related Book For**

## Introduction to Econometrics

**ISBN:** 978-0133595420

3rd edition

**Authors:** James H. Stock, Mark W. Watson

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