Consider two service elevators used in parallel by employees of a three-story hotel building. At any point

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Consider two service elevators used in parallel by employees of a three-story hotel building. At any point in time when both elevators are stationary, let X1 and X2 be the floor numbers at which elevators 1 and 2, respectively, are currently located. The file S04_33.xlsx contains the joint probability distribution of X1 and X2.
a. Are X1 and X2 independent random variables? Explain your answer.
b. If X1 and X2 are not independent random variables, which joint probabilities result in the same marginal probabilities for X1 and X2 as given in this file but make X1 and X2 independent?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Data Analysis And Decision Making

ISBN: 415

4th Edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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