Find the conditional probability function

Assignment Help Microeconomics
Reference no: EM132137849

Question: Two random variables X and Y have the probability functions: A joint probability is:P(X = 2 and Y = 1) = 0.2

(a) Find the conditional probability function of X given Y = 1.

(b) Find the conditional mean of X given Y = 1.

(c) Find E(XY).

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132137849

Questions Cloud

Help with a java program that takes two arrays : Need help with a Java program that takes two arrays a and b of length 5 storing int values, and returns the dot product of a and b.
Computer systems facilitate communication and collaboration : Describe how computer systems facilitate communication and collaboration in an enterprise.
What is the binary representation of the decimal number : What is the binary representation of the decimal number 4.875 assuming the IEE 754 single precision format?
Explosive growth of digital crime : Identify at least two (2) factors that have led to the explosive growth of digital crime over the past a few decades.
Find the conditional probability function : Two random variables X and Y have the probability functions: A joint probability is:P(X = 2 and Y = 1) = 0.2. Find the conditional probability function.
Magazine or newspaper article : Describe an ethical conundrum found in a magazine or newspaper article, and please give your own thoughts.
Explain what is meant by content management systems : Discuss how the business in the selected scenario could benefit from business intelligence, and provide two examples of these benefits.
Discuss why a financial services organization : Discuss why a financial services organization would benefit from using one framework over another (COSO, COBIT,) -- choose a framework
Dynamic programming for problem : Give a recursive algorithm that generates a similar series of coins for changing n cents. Don't use dynamic programming for this problem.

Reviews

Write a Review

Microeconomics Questions & Answers

  Why do recessions occur every 5-10 years

Why do recessions occur every 5-10 years?

  Unexpectedly total factor productivity increases

Consider Solow's model when the production function is Y = 1000K0.3 L0.7. The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Suppose this economy was in its steady state when unexpectedly Total Factor..

  Find it significantly easier to expand the money stock

Why might the Fed find it significantly easier to expand the money stock in a period of prosperity than in a period of recession? What must the Fed be able to do if it wants the quantity of money in the hands of the public to increase?

  How to reduce employment but increase income

An increase in the minimum wage could increase employment but decrease income. reduce employment and decrease income. increase employment and increase income. reduce employment but increase income.

  Primary objective of a for-profit firm

Income tax payments - primary objective of a for-profit firm - reduce Agency Problems, executive compensation - primary differences between the standard deviation and the coefficient of variation as measures of risk

  Output per worker grows at the same rate as the labor force

Presume the government passes a law requiring households to increase their saving rate by 10 percent. According to the Solow Growth Model, in the short run:

  Future social security and medicare users

Tax payers - Future Social Security and Medicare users

  How will work incentives be affected

Once someone has received TANF welfare benefits for a total of 5 years, they are permanently ineligible for more TANF benefits. Should they receive any further.

  Find the most effective advertising medium for company in

select one 1 of the following categories of products to research sports apparel automobiles home furnishings or

  1 if an economist says the higher the price of oranges the

1. if an economist says the higher the price of oranges the fewer oranges individuals will buy ceteris paribus this

  Why is the code of ethics significant to your organization

Why is the Code of Ethics significant to your organization? How will your code apply to the international sales team? How will your organization balance performance-based incentives with its Code of Ethics?

  Compute the convexities of the bonds

Compute 6-, 12-, 18-, 24-month zero rates. Plot the zero curve. Compute the yields of the bonds. Compute the convexities of the bonds.

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