Statistics Solutions

[Solution Library] The following table displays the joint distribution of X and Y where X is the number of contracts awarded to firm A and Y is the number

Question: The following table displays the joint distribution of X and Y where X is the number of contracts awarded to firm A and Y is the number of contracts awarded to firm B

X 0 Y
1 		2
0 1/9 2/9 1/9
1 2/9 2/9 0
2 1/9 0 0
  1. Are X and Y independent?
  2. Find the covariance of X and Y .
  3. Does it surprise you that cov( X , Y ) is negative? Why?
    Price: $2.99
    Solution: The downloadable solution consists of 2 pages
    Deliverable: Word Document


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