Question

Q. 1 Following tables 1 and 2 were collected by Mr. Biden as a part of...

Q. 1 Following tables 1 and 2 were collected by Mr. Biden as a part of gaming business. Mr. Biden knows that covariance associated with Game 1 is given by “H”. In order to decide his strategy for next year, he wants to know correlation and covariance between Customers and Profit with reference to Game 2 in terms of H.

Please help Mr. Biden to get the required information.

Table 1: Game 1

Table 2: Game 2

Customers

Profit

Customers

Profit

10

5

60

30

20

15

90

40

30

20

150

40

40

25

30

10

50

10

120

75

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