Calculate joint moments, such as the covariance and the ...
analystprep.com › study-notes › actuarial-examsJun 28, 2019 · Determine the covariance and correlation coefficient given the following joint probability mass function: $$ f\left(x,y\right)=c\left(x^2+3y\right)\ \ \ \ \ \ x=1,2,3,4,\ \ \ y=1,2 $$ Solution. First, we need to find the value of \(c\) and then proceed to extract the marginal functions. We know that: $$ \sum_{x}\sum_{y}{P(X=x,\ Y=y)}=1 $$