Maxima and minima of normal variables

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Reference no: EM131811785

Question: Maxima and minima of normal variables.

Calculate the expected values of max (X, Y) and min (X, Y):

a) If X and Y are independent standard normal variables:

b) If X and Y are independent normal (µ, σ²):

c) If X and Y are standard bivariate normal with correlation p.

Reference no: EM131811785

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