Find the expected value of x in exercise r.1

Assignment Help Econometrics
Reference no: EM131132358

Find the expected value of X in Exercise R.1.

Exercise R.1

A random variable X is defined to be the difference between the higher value and the lower value when two dice are thrown. If they have the same value, X is defined to be 0. Find the probability distribution for X.

Reference no: EM131132358

Questions Cloud

How did the actions of napoleon shape the course of history : How did the actions of Napoleon shape the course of history - how was Napoleon shaped by the historical times in which he lived or other circumstances in his life?
Methods to train 3 supervisors and 28 employees as manager : Suppose you are the manager of an accounts receivable unit in a large company. - What training method(s) would you use to train your three supervisors and twenty-eight employees in the new procedures.
Under what conditions online course technology have benefits : Under what conditions does online course technology have the most benefits with high school students? Under what conditions does online course technology have the most benefits in secondary [high school] education?
Find the probability distribution for x : Find the probability distribution for X.
Find the expected value of x in exercise r.1 : Find the expected value of X in Exercise R.1.
What is th name given to the decision making model : What is the name given to the decision making model that emphasizes on short term solutions rather than the long term accomplishments?
Derive a confidence interval for the forecast for 1994 : Add dummy variables to the last four observations and hence obtain the prediction errors for these years, given a regression based on the first 32 observations. Subtract these from the actual outcomes to obtain the forecasts. Derive a confidence i..
Give an example of external information in an organization : All the information that originates from outside an organization is known as external information. - Give an example of this information in an organization.
How manage change and technology to improve positive outcome : Explain the use of information management tools and technologies to monitor and improve health care delivery and patient outcomes. ?Describe effective use of technology across the care continuum in a health care setting.

Reviews

Write a Review

Econometrics Questions & Answers

  Determine total market value of all final services produced

Suppose the total market value of all final goods and services produced this year in economy X is $4 million. Of the $4 million worth of goods, $3 million is sold and $1 million is held in inventory. For this year, the GDP for economy X is

  Explain who has the same preferences as jim

Jim's utility function is U(x, y) = xy. Jerry's utility function is U(x, y) = 1,000xy + 2,000. Tammy's utility function is U(x, y) = xy(1 - xy). Oral's utility function is U(x,y)= -1/(10+2xy).Marjoe's utility function is U(x, y) = x(y + 1,000). Pa..

  What is the new optimal quantity for the firm to produce

In the long-run, outsiders enter the market since they have observed the existing firms are profitable. As more and more firms in the market, the market price is reduce to P = 12. Assuming the MC = 3 + 3Q,

  Does that mean that trade should inhibited to prevent losses

In your opinion, does that mean that trade should be inhibited to prevent the losses?

  Determine a new price which will cause sales of corn to rise

Pamela Sue, proprietor of Heartland Supermarket would like to raise her current sales of corn from 250 bushels per week to 500 bushels per week. Her current price of a bushel of corn is $14. Given and elasticity of demand of -2

  Determine will unions be more likely to raise the wage

Workers in Wet Seal and Forever 21 stores are considering forming unions in each store. The potential unions have information on labor demand. For Wet Seal, when the wage rises from $8 to $10, Wet Seal will reduce labor demand from 800 to 700.

  Compute net foreign investment and gdp

You are given the data below for 2008 for the imaginary country of Amagre, whose currency is the G. Consumption 350 billion G Transfer payments 100 billion G Investment 100 billion G Government purchases 200 billion G Exports 50 billion G Imports ..

  What impact would have on the real price of resources

how will (a) an unexpected 3% fall in the price level in the goods and services market differ from (b) 1% inflation when 4% inflation had been expected What impact would (a) and (b) have on the real price of resources, profit margins, output, and ..

  What are the causes of inflation

What do the measures above tell us about consumer behavior? Have incomes changed enough to offset the inflation since 2000? What can we predict about future inflation?

  What were thought to be unattainable heights

In 1993, Tim Berners-Lee created the Web and the bubble began. The bubble describes the amazing stock run of Internet companies, when their values soared to unbelievable and what were thought to be unattainable heights from 1993 to 2001.

  What is the minimum level of the price of x1 compatible

the utility function (x1,x2)= (x1+1)(x2+4). The price of x2 is $1. Lee spends all his income to buy 6 units of x2 and no x1. What is the minimum level of the price of x1 compatible with these facts

  If two of the three bidders collude what is the price

if two of the three bidders collude, what is the price?

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