Let X and Y be two correlated random variables. If the correlation coefficient between X

and Y is1 ,i.e., ρ(X,Y)=1, show that

Question:Let X and Y be two correlated random variables. If the correlation coefficient between Xand Y is 1.Answer:p ( X ,Y ) = COV ( X , Y )√V ( X )∗V ( Y ) Since , p ( X ,Y )=1, V(X+Y) =…