Calculates the expected value of the maximum of two random variables with zero-truncated bivariate normal distribution Takes a vector of mean and a 2X2 covariance matrix

Calculates the expected value of the maximum of two random variables with zero-truncated bivariate normal distribution Takes a vector of mean and a 2X2 covariance matrix

mu_max_trunc_bvn(
  mu1,
  mu2,
  sigma1,
  sigma2,
  rho,
  precision = .Machine$double.eps
)

Arguments

mu1

Mean of the first distribution

mu2

Mean of the second distribution

sigma1

SD of the first distribution

sigma2

SD of the second distribution

rho

Correlation coefficient of the two random variables

precision

Numerical precision value

Value

A scalar value for the expected value