A nut company markets cans of deluxe mixed nuts containing almonds, cashews, and peanuts. Suppose th
Question: A nut company markets cans of deluxe mixed nuts containing almonds, cashews, and peanuts. Suppose the net weight of each can is exactly one pound, but the weight contribution of each type of nut is random. Because the three weights sum to 1, a joint probability model for any two gives all necessary information about the weight of the third type. Let Y1 = the weight of almonds in a selected can and Y2 = the weight of cashews. Then the joint probability density function is:
F(y1,Y2)={24y1y2, 0 ≤ y1 ≤ 1, 0 ≤ y2 ≤ 1, y1 + y2 ≤ 1
0, elsewhereFind the Cov(Y1,Y2), then interpret your answer. Is it possible for Y1 and Y2 to be independent? Of course, explain your answer.
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Type of Deliverable: Word Document
Type of Deliverable: Word Document
