Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Calculation of Expectation and Variance and Covariance.
Suppose (Y1, Y2) has the subsequent joint probability mass function p(1; 2) = 0:3; p(2; 3) = 0:3; p(1; 3) = 0:2; p(1; 4) = 0:2:

1) Find P (Y1 + Y2 = 5).

2) Find the marginal pmf's for Y1 and Y2.

3) Find EY1 and EY2.

4) Compute the variances of Y1 and Y2.

5) Compute the covariance of Y1 and Y2.

6) Compute the correlation between Y1 and Y2.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920134

Have any Question?


Related Questions in Statistics and Probability

A researcher reports that the size of an effect in

A researcher reports that the size of an effect in Population A is d = 0.10 and the effect size in Population B is d = 0.34. Which population is associated with greater power to detect an effect? A) Population A B) Popul ...

Many raleigh north carolinians owns one or more tvs below

Many Raleigh, north Carolinian's owns one or more TVs. Below is a distribution of the number of TVs per house hold in Raleigh. Fill in the missing probability to make a valid discrete probability distribution or explain ...

Consider the binomial distribution where n 11 and p 005

Consider the binomial distribution where n = 11 and p = 0.05. Find the mean and standard deviation of this binomial distribution. The customers at a local appliance store are polled as they leave the store. Each is asked ...

Follow up -lock box systems or regional collection

Follow Up -Lock Box Systems or Regional Collection Centers One way a business can speed up collections is Lock Box Systems or Regional Collection Centers. Explain how these can be used to speed up collections.

Question 1 find the area between -88 standard deviations

Question 1: Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2: The are ...

We would like to estimate the true average age of customers

We would like to estimate the true average age of customers for a particular company. How large would the sample size need to be for the margin of error (based on 95% confidence) to be 1 year? Suppose that, based on prev ...

An insurance company is selling a perpetuity contract that

An insurance company is selling a perpetuity contract that pays $2,00 monthly. The contract currently sells for $100,000. (a) What is the monthly return on this investment vehicle? (b) if instead the amount of monthly in ...

A population has a mean of 150 and a standard deviation of

"A population has a mean of 150 and a standard deviation of 21. If a random sample of 49 is taken, what is the probability that the sample mean is between 152.5 and 157.5 using z scores?"

What are some examples of marketing activities that are

What are some examples of "marketing" activities that are associated with the Summer Olympics? How does global marketing and the use of new digital marketing techniques facilitate marketing activities at the Olympics in ...

Suppose you invest 2000 today and receive 9500 in five

Suppose you invest $2,000 today and receive $9,500 in five years. a. What is the internal rate of return? (IRR) of this? opportunity? b. Suppose another investment opportunity also requires $2,000 upfront, but pays an eq ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As