1) Select a continuous probability distribution with the parameters...

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1) Select a continuous probability distribution with the parameters of your choice.
2) X will have a distribution of what you selected in (1) and Y=f(X), where f is any continuous function you wish (Not X² !)
3) Analytically calculate the following (you may use software or websites such as Wolfram Alpha to perform necessary integrals):
Cov(X,Y)
p(X,Y)
4) Repeat Part (3) using simulation and compare results.
5) Post results in the Week 5/6 thread. Attach Excel spreadsheet. Use correl and covariance. s functions.

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