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Probability Problems

Need step by step answer to Q no. 2,3 and 7.

Please note for Q#3 that only the exponent of e is divided by 2b^2, not the entire numerator as it seems in question.

See attached file for full problem description.

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Solution Summary

Calculation of covariance, marginal probability, expectation, probability density function, log normal distribution. The answers are given with interpretation of results.

$2.19