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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).
#qu3. People educational achievement is affected, among other factors, by the demographic characteristics of their households; the following multiple regression model was estimated
Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good complies with t
In the United States, a buyer of a new electric is eligible for a one-time federal income tax credit of up to $4,000. Show the effect of this tax credit graphically, assuming the $
Suppose years of schooling, s , is the only variable that affects earnings. The equations for the weekly salaries of male and female workers are given by w m = 500 + 100 s and
How will government regulation impact decision making
QM2 Econometric Project As part of the course requirements you have to undertake an econometric evaluation of an economic issue using data that you have gathered either from the ho
Problem: a) In what circumstances would you apply switching models? b) Using dummy variables for seasonality show how you would test for January effects in financial data?
what are the uses of correlation in economics?
Factor that affect the volume of production
remedial measure of multicolinearity
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