Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

* * Please Provide R Code below thank you * * The following table shows an estimate of the joint distribution of dual - carner

** Please Provide R Code below thank you**
The following table shows an estimate of the joint distribution of dual-carner couple educational
For example, 0.5% of sampled dual-earner couples contain a husband with high school grad-
uation only and a wife with more than 4 years of college; 11.6% of sampled married couples
contain a husband and wife who both have some college, but no degree. Values close zero are
represented by (**).
2.1(2 point) Let x be a Bernoulli random variable that indicates whether husbands in dual-
carner couples have completed at least four years of college (ic.x=1 if the husband has
4 ycars of college and/or more than 4 years of college; and x=0 if the husband has not.
attended or completed college). Define Y similarly for wives in dual-carner couples. Using
'Source: Winkler, A. E.(1998). Earnings of husbands and wives in dual-earner families. Monthly Lab. Rev.,
121,42. link.
the table above, compute the estimated joint distribution of (x,Y)(that is, the probabilities
Pr(x=x,Y=y) for each possible value of x and y?
2.2(2 point) Use your answer to part 2.1 to estimate the covariance between husband and
wife four year college completion within dual-carner couples? (Hint: we've already soen in
lectures for Bernoulli random variables that E[x]=Pr(x=1). Similarly, if both x and Y
are Bernoulli, then E[xY]=Pr(x=1,Y=1).
2.3(2 point) Let W indicate the number of individuals in dual-carner couples that have
completed four years of college. That is,W can be equal to zero, one or two. What is the
estimated distribution of W? What is the estimated mean and standard deviation of W?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Auditing Information And Cyber Security Governance

Authors: Robert E Davis

1st Edition

1000416089, 9781000416084

More Books

Students also viewed these Accounting questions