Question
A city is trying to assess what proportion of its budget to put into initiative A or initiative B. Citizens of the city were given
A city is trying to assess what proportion of its budget to put into initiative A or initiative B. Citizens of the city were given an internet address where they could have their say and determine the proportion they would give to initiative A and B. They were also permitted to not allocate all/any funds to indicate that they would prefer to save the money for a different/future initiative. Consider three random variables: X- The proportion of the budget to be spent on initiative A Y- The proportion of the budget to be spent on initiative B Z- The proportion of the total budget that will be used for both A and/or B initiatives. The joint distribution for X and Y is given as:
fZ(x,y)= 15840*y^7*x^3 where 0
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