Let $X$ and $Y$ be random variables with the space consisting of the four points (0,0),(1,1),(1,0),(1,-1) . Assign positive probabilities to these four points so that the correlation coefficient is equal to zero. Are $X$ and $Y$ independent?
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Let $X$ and $Y$ be random variables with the space consisting of the four points (0,0),(1,1),(1,0),(1,-1) . Assign positive probabilities to these four points so that the
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- Which of the following statement is true about Linear Probability Model? The coefficient should be interpreted as change in percentage in the probability of success, for example, a 40% increase in the probability of being employed. When the X variable is a dummy, its coefficient should be interpreted as change in percentage points in the probability of success between the two categories. When the X variable is a dummy, its coefficient should be interpreted as change in percentage in the probability of success when the dummy changes by 1 unit. None of the above. Write the reasons for true as well as false I will rate definitelyThe probability of an investor investing his savings in foreign currency is 0.45, the probability of investing in gold is 0.42, and the probability of buying government bonds is 0.37. In addition, the probability of the investor to invest his savings in foreign currency and gold is 0.10, the probability of buying both foreign currency and government bonds is 0.12, the probability of buying both gold and government bonds is 0.20, and the probability of buying all three is 0.05. Which of the following is the probability that this investor will use at least one of these three investment tools?For an experiment, roll 2 fair dice. Let the random variables, X = sum of the 2 dice Y = larger value - smaller value (if the 2 dice are the same value, let Y =0) (a) Find the mean and variance of W1 = 2x-3y (b) Find the covariance between W1 and W2 = x + y
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