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IV. Assume that the number of catfish in a pond is a Pois (2) random variable. Bob, a ECON1007 student, is worried that there might
IV. Assume that the number of catfish in a pond is a Pois (2) random variable. Bob, a ECON1007 student, is worried that there might be no catfish at all, so he decides to put one catfish to the pond. Let Y be the resulting number of catfish. Find E(Y). < [Hint: Note that Y=(x+1)] [5] <
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