a) Calculate the covariance of Y₁ and Y₂. b) Are Y₁ and Y₂ independent? Are two uncorrelated random variables always independent? Explain.

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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2. Let Y₁ and Y₂ be discrete random variables with joint probability distribution as
shown in the following table:
Table 1: Joint mass function for (Y₁, Y₂).
У1
Y₂
-1
0
+1
-1
1/16
3/16
1/16
0
3/16
0
3/16
+1
1/16
3/16
1/16
Answer the following:
a) Calculate the covariance of Y₁ and Y₂.
b) Are Y₁ and Y₂ independent?
Are two uncorrelated random variables always independent? Explain.
Transcribed Image Text:2. Let Y₁ and Y₂ be discrete random variables with joint probability distribution as shown in the following table: Table 1: Joint mass function for (Y₁, Y₂). У1 Y₂ -1 0 +1 -1 1/16 3/16 1/16 0 3/16 0 3/16 +1 1/16 3/16 1/16 Answer the following: a) Calculate the covariance of Y₁ and Y₂. b) Are Y₁ and Y₂ independent? Are two uncorrelated random variables always independent? Explain.
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