Question
The joint probability distribution of two random variables X and Y is given in the following table. Y -1 2 X -1 0.1 0.1 -2
The joint probability distribution of two random variables X and Y is given in the following table.
Y | |||
-1 | 2 | ||
X | -1 | 0.1 | 0.1 |
-2 | 0.5 | 0.1 |
1. Calculate the marginal probability distribution of X. 2. Calculate the marginal probability distribution of Y. 3. Calculate E( X ) and s.d.( X ). 4. Calculate E( Y ) and s.d.( Y ) 5. Calculate cov(X, Y) and corr(X, Y). 6. Calculate the conditional probability distribution of X given Y = -1. 7. Calculate the conditional probability distribution of X given Y = 2. 8. Calculate E( X | Y = -1 ) and var( X | Y = -1 ). 9. Calculate E( X | Y = 2 ) and var( X | Y = 2 ). 10. Verify the Law of Iterated Expectations E(X)=E[E(X|Y)] by using your previous results. 11. Are X and Y independent random variables? Justify your answer based on answers to the preceding questions.
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