(b) Consider two random variables, X and Y. They both take the values -1,0 and 1. The joint probabilities for each pair of values, (x, y), are given in the following table. X= -1 X=0 X=1 Y = 1 0.09 0.16 0.15 Y = 0 0.09 0.08 0.03 Y =1 0.12 0.16 0.12 i. Determine the marginal distributions and calculate the expected values Xand Y , respectively. ii. Calculate the covariance of the random variables X and Y . ii. Calculate E(X|Y =0)andE(X|X+Y =1). iv. |DefineU =|X|andV =Y. CalculateE(U)andthecovarianceofU andV. Are U and V correlated?

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(b) Consider two random variables, X and Y. They both take the values -1, 0 and 1.
The joint probabilities for each pair of values, (x, y), are given in the following table.
X= -1
X=0
X=1
Y = 1
0.09
0.16
0.15
Y = 0
0.09
0.08
0.03
Y =1
0.12
0.16
0.12
i. Determine the marginal distributions and calculate the expected values Xand Y,
respectively.
ii.
Calculate the covariance of the random variables X and Y.
ii.
Calculate E(XIY =0)andE(X|X+Y =1).
iv.
DefineU =|X|andV =Y. CalculateE(U)andthecovarianceofU andV. Are U and V
correlated?
Transcribed Image Text:(b) Consider two random variables, X and Y. They both take the values -1, 0 and 1. The joint probabilities for each pair of values, (x, y), are given in the following table. X= -1 X=0 X=1 Y = 1 0.09 0.16 0.15 Y = 0 0.09 0.08 0.03 Y =1 0.12 0.16 0.12 i. Determine the marginal distributions and calculate the expected values Xand Y, respectively. ii. Calculate the covariance of the random variables X and Y. ii. Calculate E(XIY =0)andE(X|X+Y =1). iv. DefineU =|X|andV =Y. CalculateE(U)andthecovarianceofU andV. Are U and V correlated?
4. (a)
Suppose that X is a discrete random variable for which the moment generating
function is:
Mx(t) = 41(e3t + e6t + e9t) + 81(e2t + e4t)
-00 <t < o. Write down the probability distribution of X.
Transcribed Image Text:4. (a) Suppose that X is a discrete random variable for which the moment generating function is: Mx(t) = 41(e3t + e6t + e9t) + 81(e2t + e4t) -00 <t < o. Write down the probability distribution of X.
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