What is the variance of alice is commuting time

Assignment Help Econometrics
Reference no: EM131175470

Alice passes through four traffic lights on her way to work, and each light is equally likely to be green or red. independent of the others.

(a) What is the PMF, the mean, and the variance of the number of red lights that Alice encounters?

(b) Suppose that each red light delays Alice by exactly two minutes. What is the variance of Alice is commuting time?

Reference no: EM131175470

Questions Cloud

What types of cost might white suggest for potential savings : What types of costs might White suggest for potential savings based on your answer? Name three costs that could be addressed, and rationalize your response.
Evaluate organizational and human resource management : Evaluate organizational and human resource management practices - if applicable - Analytical review of market opportunities and threats to domestic and MNCs - if applicable.
Find the mean and variance of x : Each morning, Hungry Harry eats some eggs. On any given morning, the number of eggs he eats is equally likely to be 1. 2, 3, 4, 5, or 6, independent of what he has done in the past. Let X be the number of eggs that Harry eats in 10 days. Find the ..
Create an argument supporting the value of forecasting : Evaluate the factors that an investor may consider when deciding whether or not to invest in a company with a policy of non-dividend payments. Create an argument supporting the value of forecasting to an organization.
What is the variance of alice is commuting time : Alice passes through four traffic lights on her way to work, and each light is equally likely to be green or red. independent of the others.
Discuss role and behaviour of the organisational purchaser : Discuss the role and behaviour of the organisational purchaser in comparison to the domestic consumer. Would you agree that the organisational purchaser is devoid of all but economic considerations?
What will be your profit or loss : What will be your profit or loss if you accept your friend's offer, if you can exchange C$1 for $.9134 and exchange £1 for $1.7240?
What are some of the incentives to consolidate : Describe the firms in the proposed merger. List their annual sales, and extent of their operations. It would help to include sales of the top four firms.
What limitations are inherent in economists view of pricing : What limitations are inherent in the economists view of pricing? giving practical examples, how might price be determined in a practical public sector marketing situation?

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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