THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The following table displays the joint probability distribution of two discrete random variables X and Y. 
-Compute the correlation between X and Y.
Definitions:
Carrying Amount
The book value of an asset or liability on a company's balance sheet, reflecting adjustments like depreciation or amortization.
Loan Receivable
An amount of money that is loaned to another party in exchange for future repayment of the loan value or principal amount, along with interest or other finance charges.
Journal Entry
A record in accounting that documents a business transaction in the double-entry bookkeeping system.
Termination of Partnership
The process of dissolving a partnership agreement, often involving the distribution of assets and liabilities among the partners.
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