1 the following table give joint probabilities relating

Assignment Help Microeconomics
Reference no: EM13374154

1. The following table give joint probabilities relating cell phone usage to stopping properly at intersections.

a) Compute the probability of failing to stop at an intersection, given the driver was on the cell phone.

b) Compute the probability of failing to stop at an intersection, given the driver was not using a cell phone.

c) Compute the probability of stopping properly at an intersection, given the driver was on a cell phone.

d. Are cell phone usage and failing to stop at intersections independent of each other? Why or why not?

2. Suppose you are told that E(X) = 8 and var(X) = 4.  What are the expected values and variances of the following expressions?  HINT: Use the properties of expected value and variance discussed in Appendix B.

a) Y = 3x + 2

b) Y = X/4

c) Y = 3x2 + 2

Reference no: EM13374154

Questions Cloud

Race matters by cornel west page 587 create : race matters by cornel west page 587. create nbspargumentative esay through a theroetical lens of it should be in the
Please take note of plagiarismwrite a two pages essay about : please take note of plagiarismwrite a two pages essay about your major and what you want to achieve after you
You have been asked to do a quick analysis for your : you have been asked to do a quick analysis for your employer the ceo of general mechanics a highly diversified
Class is world literature by saturday september 17 2011 500 : class is world literature. by saturday september 17 2011 500 pm write an essay comparing ancient concept of heroism
1 the following table give joint probabilities relating : 1. the following table give joint probabilities relating cell phone usage to stopping properly at intersections.a
Nbspa quantitative review over the article : nbspa quantitative review over the article interprofessional teamwork among students in simulated codes a
Me a writerattitude describe your attitude toward : me a writer?attitude describe your attitude toward completing this course. as part of the description explore how your
Need a good introduction to the book where good ideas come : need a good introduction to the book where good ideas come from by steven
1 write a one-sentence summary of one of the following : 1. write a one-sentence summary of one of the following well-known fairy tales little red riding hood cinderella

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd