Consider the population of new graduates in 2020. There are N = 240,000 graduates, and students are categorized based on their school rank X and the salary they earn at graduation Y. The frequencies of each possible combination of X and Y are in the image attached. 1. Find the marginal probability distribution of x and the marginal probability distribution of y 2. calculate "mu_y" (greek letter mu, subset y) 3. calculate "sigma_y" (greek letter sigma, subset y)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Consider the population of new graduates in 2020. There are N = 240,000 graduates,
and students are categorized based on their school rank X and the salary they earn at
graduation Y. The frequencies of each possible combination of X and Y are in the image attached.

1. Find the marginal probability distribution of x and the marginal probability distribution of y

2. calculate "mu_y" (greek letter mu, subset y)

3. calculate "sigma_y" (greek letter sigma, subset y)

School Rank X
Top
Middle
Low
Salary Y ($ thousands)
80
120 160
15006
25010 23912
30012 35014 25010
60024 20008 10004
Transcribed Image Text:School Rank X Top Middle Low Salary Y ($ thousands) 80 120 160 15006 25010 23912 30012 35014 25010 60024 20008 10004
Expert Solution
steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman