Probability distribution function, Econometrics

Assignment Help:

Assume the following table gives the joint PDF (probability distribution function, not Adobe document!!) of two discrete variables, x and Y.


                                 Variable  X

                                         -2          0        2           3
            
                       3              0.27        0.08    0.16        0   
     Variable Y
                       6              0           0.04     0.10      0.35
 

Understanding of the Table: If the variable X takes on a value, (-2) and the variable Y takes on a value 3, their joint probability is 0.27. In other words, the probability of X=-2 and Y=3 at the same time is 0.27. Continuing this, the probability of X=0 and Y=3 is 0.08 and so on.  

Using the information given in the table above, Analyse

Marginal Probability Density Functions of X and Marginal Probability Density Functions of Y.

Conditional probability of (X=-2|Y=3) and the conditional probability of (X= 2 | Y=6).


Related Discussions:- Probability distribution function

Macro econometrics.., (b) Suppose that the initial conditions are as follow...

(b) Suppose that the initial conditions are as follows: y0 = 0 and et = 0 for t= 0. Impose the initial conditions in order to find the general solution.

Ramdom variable, let y denote the number of "heads" that occur when two coi...

let y denote the number of "heads" that occur when two coins are tossed

Labor economics, Ask question #Minimum unions tie the hand of management an...

Ask question #Minimum unions tie the hand of management and inhibit efficient decision making100 words accepted#

Heteroscedasticity, what are the test for heteroscedasticity?

what are the test for heteroscedasticity?

Give me liberty, The textbook states, “Prejudice by itself did not create A...

The textbook states, “Prejudice by itself did not create American slavery.” Examine the forces and events that led to slavery in North America, and the role that racial prejudice p

Business versus government, how might short and long term goals between a b...

how might short and long term goals between a business and the government differ?

Production function and general equilibrium, Production Functions, Labor Ma...

Production Functions, Labor Markets, and a Small Open Economy. In 2007, the Icelandic economy was in general equilibrium, the supply of labor was a positive function of the real

Estimate the earn average , (a) Estimate how much more or less workers on a...

(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding

Portfolio maximization , Derive marginal benefit of reducing principal bala...

Derive marginal benefit of reducing principal balances

Calculate minimal expected amount, A store is known for is bargains. The st...

A store is known for is bargains. The store has the habit of lowering the price of its bargains each day, to ensure that articles are sold fast. Assume that you spot an item on Wed

Write Your Message!

Captcha
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