Find E(max{X,Y}).

Let the pair X, Y have the bivariate normal distribution with means 0, variances 1, and correlation ρ. Find E(max{X, Y}).

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Crashbandicoot Crashbandicoot
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  • Poincare Poincare
    +5

    Time-consuming problems at this level should come with a good bounty, otherwise you may not get a response.

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