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    @worksheet 1-Covariance and Correlation

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    Abhishek
    Worksheet for basic Econometrics

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    @worksheet 1-Covariance and Correlation

    Uploaded by

    Abhishek
    15 views2 pages
    Worksheet for basic Econometrics

    Original Title

    @Worksheet 1-Covariance and correlation

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    © © All Rights Reserved

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    DOC, PDF, TXT or read online from Scribd

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    Worksheet for basic Econometrics

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    15 views2 pages

    @worksheet 1-Covariance and Correlation

    Uploaded by

    Abhishek
    Worksheet for basic Econometrics

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Student Name________________

    WORKSHEET: COVARIANCE AND CORRELATION

    1. A restaurant serves three fixed-priced dinners costing $12, $15 and $20. For a randomly selected
    couple dining at this restaurant, let X = the cost of man’s dinner and Y = the cost of woman’s
    dinner. The joint probability function p(x, y) of random variables X and Y is tabulated below.

    a) Compute the marginal distributions p(x) and p(y).


    b) Use the marginal distributions to compute E(X), E(Y), V(X) and V(Y).

    c) Compute the covariance Cov(X, Y ) and correlation ρ(X, Y ).

    2.
    a) Compute the marginal distributions p(x) and p(y).
    b) Use the marginal distributions to compute E(X), E(Y), V(X) and V(Y).

    c) Compute the covariance Cov(X, Y ) and correlation ρ(X, Y ).

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