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Need only parts 5 and 6
Problem 6: 10 points Assume that X and Y are independent random variables uniformly distributed over the unit interval (0, 1) 1. Define Z = max (X, Y) as the larger of the two. Derive the CD. F. and density function for Z 2. Define W- min (X, Y) as the smaller of the two. Derive the C.D.F. and density function for W. 3. Derive the joint density of the pair (W, Z). Specify where the density if positive and where it takes a zero value 4. Find the expectation for each of the variables: W, z, W2, and Z2. 5. Find the variance for each of the variables: W, Z, and W Z. 6. Determine the covariance between W and Z. Solution
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