Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help Q4. (10 marks) Let X1 and X2 be two independent random variables. Suppose each Xi is exponentially distributed with parameter ii. Let Y=Min

Please help

image text in transcribedimage text in transcribed
Q4. (10 marks) Let X1 and X2 be two independent random variables. Suppose each Xi is exponentially distributed with parameter ii. Let Y=Min (X1, X2). A) (5 marks) Find the pdf of Y. B) (5 marks) Find EO'). Hint: Let Y = Min (X1, X2). 1-P[Y > c] = 1'le (X1, X2) > C] = P[X1> 0, X2 > 0] 2. Obtain the pdf of Y by differentiating its cdf of Y. Q5. (10 marks) Let X1, . . . , X11 be random variables corresponding to n independent bids for an item on sale. Suppose each Xi is uniformly distributed on [100, 200]. If the seller sells to the highest bidder, what is the expected sale price? A) (5 marks) Find the pdfofW = Max (X1, X2, .. ., X\"). B) (5 marks) Find E(W). Hint. Let W = Max (X1, X2, . . ., X11). 1.P[W S c] = P[Max (X1, X2, ...,XD):I c]=P[X1 c, X2 :1 c,..., XnSc] 2. Obtain the pdf of W by differentiating its cdfof W. Q2. (10 marks) Given the random variables X and Y having the following joint density: f(x, y) = 2(x + y) for 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Schaums Outline Of College Physics

Authors: Eugene Hecht

12th Edition

1259587398, 978-1259587399

Students also viewed these Mathematics questions