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Find the Condition on the Non-Negative Constants a and B p(x,y)={ax+by if 0x6,0y60 otherwise p ( x , y ) = \left\{ \begin{array} { c c } a x + b y & \text { if } 0 \leq x \leq 6,0 \leq y \leq 6 \\0 & \text { otherwise }\end{array} \right.

question 36

Essay

Find the condition on the non-negative constants a and b for p(x, y)to be a joint density function, where p(x,y)={ax+by if 0x6,0y60 otherwise p ( x , y ) = \left\{ \begin{array} { c c } a x + b y & \text { if } 0 \leq x \leq 6,0 \leq y \leq 6 \\0 & \text { otherwise }\end{array} \right.

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Warrants

Financial derivatives that give the right, but not the obligation, to buy or sell a security at a specific price before a certain date.

Contracts

Legally binding agreements between two or more parties that outline terms and conditions for specified activities or transactions.

Fixed Price

A set cost that does not change over time, regardless of variations in market conditions or demand.

Preferred Stock

A category of corporate ownership that has precedence over common stock in terms of asset and earnings claims, typically featuring fixed dividend payments.

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