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Use the probability distribution given in the table below and consider two new random variables, W = 2 + 6X and V = 9+ 5Y, to answer the following questions Joint Distribution of Weather Conditions and Commuting Times Rain (X = 0) No Rain (X=1) Total Long commute (Y = 0) 0.43 0.11 0.54 Short commute (Y = 1) Total 0.15 0.31 0.46 0.58 0.42 1.00 Compute the mean of W. E(W) = (Round your response to two decimal places) Compute the following probabilities: If Y is distributed N (2,4), Pr (Y≤4) = (Round your response to four decimal places.)

Use the probability distribution given in the table below and consider two new random variables, W = 2 + 6X and V = 9+ 5Y, to answer the following questions Joint Distribution of Weather Conditions and Commuting Times Rain (X = 0) No Rain (X=1) Total Long commute (Y = 0) 0.43 0.11 0.54 Short commute (Y = 1) Total 0.15 0.31 0.46 0.58 0.42 1.00 Compute the mean of W. E(W) = (Round your response to two decimal places) Compute the following probabilities: If Y is distributed N (2,4), Pr (Y≤4) = (Round your response to four decimal places.)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help me with both the questions (they are two different question). Thank you

Use the probability distribution given in the table below and consider two new random variables, W = 2 + 6X and V = 9+ 5Y, to answer the following questions Joint Distribution of Weather Conditions and Commuting Times Rain (X = 0) No Rain (X=1) Total Long commute (Y = 0) 0.43 0.11 0.54 Short commute (Y = 1) Total 0.15 0.31 0.46 0.58 0.42 1.00 Compute the mean of W. E(W) = (Round your response to two decimal places)
Transcribed Image Text:Use the probability distribution given in the table below and consider two new random variables, W = 2 + 6X and V = 9+ 5Y, to answer the following questions Joint Distribution of Weather Conditions and Commuting Times Rain (X = 0) No Rain (X=1) Total Long commute (Y = 0) 0.43 0.11 0.54 Short commute (Y = 1) Total 0.15 0.31 0.46 0.58 0.42 1.00 Compute the mean of W. E(W) = (Round your response to two decimal places)
Compute the following probabilities: If Y is distributed N (2,4), Pr (Y≤4) = (Round your response to four decimal places.)
Transcribed Image Text:Compute the following probabilities: If Y is distributed N (2,4), Pr (Y≤4) = (Round your response to four decimal places.)
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