Two fair coins are tossed independently. X is a random variable that takes a value of 1 if both tosses are heads and 0 otherwise. Y is a random variable that takes a value of 1 if at least one of the tosses is heads and 0 otherwise.
The value of the covariance of X and Y is _________ (rounded off to three decimal places).
The value of the covariance of X and Y is _________ (rounded off to three decimal places).
Correct Answer: 0.062
Solution and Explanation
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