Contracts for two construction jobs are randomly assigned to one or more of three firms. A, B, and C. The joint distribution of X, the number of contracts awarded to firm A, and Y, the number of contracts awarded to firm B, is given by the entries in the following table: Y X 0 1 2 0 1/9 2/9 1/9 1 2/9 2/9 0 2 1/9 0 0 a) Calculate P(X<2, Y<2) b) Find the marginal probability distribution of the random variables X and Y c) Determine whether the random variables X and Y are independent d) Find the conditional density functions p(x|y=1) and p(x|y=0) e) Calculate the expected value of XY f) Find the covariance of X and Y g) Find the correlation coefficent of X and Y
Contracts for two construction jobs are randomly assigned to one or more of three firms. A, B, and C. The joint distribution of X, the number of contracts awarded to firm A, and Y, the number of contracts awarded to firm B, is given by the entries in the following table: Y X 0 1 2 0 1/9 2/9 1/9 1 2/9 2/9 0 2 1/9 0 0 a) Calculate P(X<2, Y<2) b) Find the marginal probability distribution of the random variables X and Y c) Determine whether the random variables X and Y are independent d) Find the conditional density functions p(x|y=1) and p(x|y=0) e) Calculate the expected value of XY f) Find the covariance of X and Y g) Find the correlation coefficent of X and Y
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
Related questions
Question
Contracts for two construction jobs are randomly assigned to one or more of three firms. A, B, and C. The joint distribution of X, the number of contracts awarded to firm A, and Y, the number of contracts awarded to firm B, is given by the entries in the following table:
Y | |||
X | 0 | 1 | 2 |
0 | 1/9 | 2/9 | 1/9 |
1 | 2/9 | 2/9 | 0 |
2 | 1/9 | 0 | 0 |
a) Calculate P(X<2, Y<2)
b) Find the marginal probability distribution of the random variables X and Y
c) Determine whether the random variables X and Y are independent
d) Find the conditional density
e) Calculate the
f) Find the
g) Find the
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Functions and Change: A Modeling Approach to Coll…](https://www.bartleby.com/isbn_cover_images/9781337111348/9781337111348_smallCoverImage.gif)
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Functions and Change: A Modeling Approach to Coll…](https://www.bartleby.com/isbn_cover_images/9781337111348/9781337111348_smallCoverImage.gif)
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning