P, Px,y(0,1)=a, y(1,1)=b, Px,y(1,2 2, Px,y(2,1)=a, o make the variance s possible

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 10E
icon
Related questions
Question
Economics
The joint distribution of X and Y is:
Px,y(0,0)=1/20, Px,y(0,1)=a,
Pxy(0,2)=2/20
Pxy(1,0)=a, Pxy(1,1)=b, Px,y(1,2)=a
Px,y(2,0)=2/20, Px,y(2,1)=a,
X,Y
X,Y
Px,y(2,2)=1/20
X,Y
You want "a" to make the variance of Y
as minimum as possible.
The variance of Y equals.
Select one:
а. 1/2
b. 6/25
С. 3/5
d. 2/5
e. 3/10
Transcribed Image Text:Economics The joint distribution of X and Y is: Px,y(0,0)=1/20, Px,y(0,1)=a, Pxy(0,2)=2/20 Pxy(1,0)=a, Pxy(1,1)=b, Px,y(1,2)=a Px,y(2,0)=2/20, Px,y(2,1)=a, X,Y X,Y Px,y(2,2)=1/20 X,Y You want "a" to make the variance of Y as minimum as possible. The variance of Y equals. Select one: а. 1/2 b. 6/25 С. 3/5 d. 2/5 e. 3/10
Expert Solution
steps

Step by step

Solved in 2 steps with 8 images

Blurred answer
Similar questions
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning