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):
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.
By purchasing this solution you'll be able to access the following files:
Solution.xlsx and Solution.pdf.