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
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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

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