Consider the joint probability distribution below. Complete parts (a) through (c). X 1 2 Y 0 0.30 0.10 1 0.40 0.20 a. Compute the marginal probability distributions for X and Y. X 1 2 P(y) Y 0 0.30 0.10 1 0.40 0.20 P(x) (Type integers or decimals.) b. Compute the covariance and correlation for X and Y. Cov(X,Y)= (Round to four decimal places as needed.) Corr(X,Y)= (Round to three decimal places as needed.) c. Compute the mean and variance for the linear function W=X+Y. Hw= (Round to two decimal places as needed.) = (Round to four decimal places as needed.) ow
