Find the expected value of x in exercise r.1

Assignment Help Econometrics
Reference no: EM131132358

Find the expected value of X in Exercise R.1.

Exercise R.1

A random variable X is defined to be the difference between the higher value and the lower value when two dice are thrown. If they have the same value, X is defined to be 0. Find the probability distribution for X.

Reference no: EM131132358

Questions Cloud

How did the actions of napoleon shape the course of history : How did the actions of Napoleon shape the course of history - how was Napoleon shaped by the historical times in which he lived or other circumstances in his life?
Methods to train 3 supervisors and 28 employees as manager : Suppose you are the manager of an accounts receivable unit in a large company. - What training method(s) would you use to train your three supervisors and twenty-eight employees in the new procedures.
Under what conditions online course technology have benefits : Under what conditions does online course technology have the most benefits with high school students? Under what conditions does online course technology have the most benefits in secondary [high school] education?
Find the probability distribution for x : Find the probability distribution for X.
Find the expected value of x in exercise r.1 : Find the expected value of X in Exercise R.1.
What is th name given to the decision making model : What is the name given to the decision making model that emphasizes on short term solutions rather than the long term accomplishments?
Derive a confidence interval for the forecast for 1994 : Add dummy variables to the last four observations and hence obtain the prediction errors for these years, given a regression based on the first 32 observations. Subtract these from the actual outcomes to obtain the forecasts. Derive a confidence i..
Give an example of external information in an organization : All the information that originates from outside an organization is known as external information. - Give an example of this information in an organization.
How manage change and technology to improve positive outcome : Explain the use of information management tools and technologies to monitor and improve health care delivery and patient outcomes. ?Describe effective use of technology across the care continuum in a health care setting.

Reviews

Write a Review

Econometrics Questions & Answers

  Find how much profit will the monopolist make

Suppose a monopolist faces the following demand curve: P=596-6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing level of output What price will the profit maximizin..

  Determine the optimal solution and the reduced costs

One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit on the Deluxe model is $40. The Standard model requires 20 minutes of assembly time

  Calculate the value of nominal gdp in 1998

Except for the CPI index numbers, assume these figures represent billions of U.S. dollars. Year CPI NGDIP RGDP1997 $160.50 $7,110.00  1998 $163.00  $4,896.47 The rate of growth of real GDP between 1997 and 1998

  Find market price and quantities produced if firm 2 move 1st

Consider the same two firms as above with marginal costs 10 and 40, facing a demand p = 100 - q. a. Find the market price and quantities produced if firm 1 moved first, followed by firm 2 b. Find the market price and quantities produced if..

  Suppose that the distribution of sales within an industry

suppose that the distribution of sales within an industry is as shown in the

  Calculate the rate of growth across the year

Calculate the rate of growth across the year by taking the (new amount of M1- old amount of M1)/old amount of M1). Given the state of the economy, should monetary authorities increase or decrease the growth rate of money Explain why.

  What effective price increase is facing japan-airlines

If Boeing's dollar aircraft prices increase 20% and the yen /dollar exchange rate decline 15% , what effective price increase is facing Japan air Lines for the purchase of a Boeing 747 Would Boeing's margin likely rise or fall

  What is the current intrinsic value of the firms stock

Portman has 500,000 shares outstanding and Judy Davis, and investor, holds 40,000 shares. Suppose Portman is considering issuing 100,000 new shares at a price of $50 per share. If the new shares are sold to outside investors, how much will Judy's ..

  Determine the economic profits or losses

Harvey wanted to start his own business so he quit his job at Winona State University where he earned $98,000 a year. He figured his entrepreneurial talent to be worth $15,000 a year.

  Calculate accounting profits and economic profits for john

John runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth)

  Why a firm has standard shaped costs where minimum of avc

A firm has standard shaped costs where the minimum of AVC is $15 at a quantity of 9 and the minimum of ATC is $45 at a quantity of 15. The fixed cost is $345. Draw a picture of the MC, ATC, and AVC for this firm specifically labeling the values fo..

  Use percentile-t bootstrap to construct confidence interval

Econometrics 710 Midterm Exam 2000. Take the linear regression Y = Xβ + e with E(ei|xi) = 0. For one particular value of x, the object of interest is the conditional mean E(yi|xi = x) = g(x). Describe how you would use the percentile-t bootstrap to c..

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