1 if a random variable x is distributed chi square with n

Assignment Help Econometrics
Reference no: EM13372384

1. If a random variable X is distributed chi square with n degrees of freedom then the expected value of X is n. Show that this is true.

2. Suppose we have a random sample X1, X2, ...Xn from a distribution with mean µ and variance σ2. Let's compare two estimators in terms of their relative efficiency. The first estimator is the sample mean Xbar. The second estimator is the second observation in the sample, X2. Which one is more efficient? (hint: calculate the expected value and variance of both)

3. You are given the following information about the joint probability distribution of X and Y:

 

Y=1

Y=2

Y=3

X=0

0.25

0.1

0.05

X=1

0.3

0.2

0.1

Determine the following:

  1. P(X=0|Y=2)
  2. P(Y=3)
  3. E(X|Y=1)
  4. E(X)
  5. Compare the answers in part c) and d). Do you get the same answer? Why or why not?

Reference no: EM13372384

Questions Cloud

Various policy mechanisms can be used to correct these : various policy mechanisms can be used to correct these market failuresthese corrective mechanisms can be broadly
Questions1 what type of uae companies would like to see : questions1. what type of uae companies would like to see higher tariffs and what type would like to seelower or no
Use a principle or principles discussed in the course to : use a principle or principles discussed in the course to explain some pattern of events or behaviour that you
1 select at least two published articles about a policy : 1. select at least two published articles about a policy issue based on an economic point of view. critique them from
1 if a random variable x is distributed chi square with n : 1. if a random variable x is distributed chi square with n degrees of freedom then the expected value of x is n. show
Question 1an economy is currently in equilibrium and the : question 1an economy is currently in equilibrium and the following figures refer to elements in its national
Analysing a drilling decision using an interactive : analysing a drilling decision using an interactive model.open interactive model. there you will see a tree similar to
Questions1 given a supply curve for ultrasound clinics : questions1. given a supply curve for ultrasound clinics predict how the supply curve will shift i.e. increase or
Problem 1 perfect competition consider an industry in which : problem 1. perfect competition consider an industry in which there are 10 identical firms and 1000 identical consumers.

Reviews

Write a Review

Econometrics Questions & Answers

  Compute the one-year forward exchange rate

the exchange rate between US-dollar and the euro is exactly 2 $/euro. At that time, a one-year US treasury bill yield an interest rate of 5%, while a similar German treasury bill yield 3%. Inflation during the year is expected to be 3% in the USA ..

  Find nominal gdp price index

The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data.

  What is internal rate of return on incremental investment

Are you thinking bypassing a gasoline fueled car in favor of a hybrid (gasoline and electric) automobile Let's take a look at the relative economics of your possible choice. The gasolinefueled car sells for $20,000 and gets 25 miles per gallon (mp..

  What is purchase price as deposit toward the purchase price

Carnack contracts to sell his house and lot to Willard for $100,000. The terms of the contract call for Willard to pay 10% of the purchase price as a deposit toward the purchase price, or as a down payment.

  The spending multiplier is equal to what

The spending multiplier is equal to what What is the necessary change in government spending alone that is needed to get the economy to full employment  The tax multiplier is equal to what What is the necessary change in taxes alone that is needed to..

  By how much could the banks increase the lending activities

Assume the following data describe the condition of the banking system: Total reserve $200 billion Transactions deposits $800 billion Cash held by pubic $100 billion Reserve Requirement 0.20

  What is the size of labor force and official unemployment

Assume the following data for a country: total population 500, population under 16 years of age or institutionalized 120, not in labor force150, unemployed 23, and part-time workers looking for full time jobs 10.

  What happens to its profits if it accepts the offer

Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.

  How much maximum person would pay to buy insurance

when I was talking about insurance, when I ask about the maximum this person would pay to buy insurance I said that it would be the risk premium: $4823.1 - Then I derived the utility in this case, with certainty this person has wealth $100,000 + $..

  How to restore the site to original environmental conditions

A bauxite mine can be purchased for $20,000,000 and is expected to yield $5,300,000 annually for the next 20 years. After that, the mine is closed and $4,000,000 will be required to restore the site to original environmental conditions

  What are the output and market share for each company

Assume the current prices in the market are challenged by the regulatory agency, resulting in a new maximum price of $2,000. How will this change the industry output and market share for each company

  How to find all the pure-strategy nash equilibria

A single unit of a good is to be sold via an auction. There are two bidders, A and B. They are assumed to be risk-neutral. The seller knows that there are five possible values of willingness to pay, $100, $200, $300, $400 and $500.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd