Exam P Practice Question 932
Study guide: Exam P-1
The number of auto claims X and home claims Y filed by a randomly chosen policyholder have the following distribution: P[X=0]=0.75, P[X=1]=0.25; P[Y=0]=0.80, P[Y=1]=0.20; P[X=0,Y=0]=0.60.
Calculate \text{Corr}(X, Y).
- A) -0.32
- B) -0.10
- C) 0.00
- D) 0.10
- E) 0.32
Answer this question and see the worked solution