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- Let X1 and X2be independent exponential random variables: fX1(x1) = e−x1 and fX2(x2) = e−x2 1The 4-dimensional random vector X has PDF fX(x)={1 when 0≤xi≤1, i=1,2,3,4 and 0 otherwise}. Are the for components of X independent random variables?Suppose that the random change in value of a financial asset is X over the first day and Y over the second. Suppose also that Var(X) =18 and Var(Y) = 26 In this case, the total change in the value over these two days is given by X +Y. Do you have enough information to compute Var(X +Y)? If so, compute this value. If not, explain what additional information you need to do so.
- An ordinary (fair) coin is tossed 3 times. Outcomes are thus triple of “heads” (h) and tails (t) which we write hth, ttt, etc. For each outcome, let R be the random variable counting the number of tails in each outcome. For example, if the outcome is hht, then R (hht)=1. Suppose that the random variable X is defined in terms of R as follows X=6R-2R^2-1. The values of X are given in the table below. A) Calculate the values of the probability distribution function of X, i.e. the function Px. First, fill in the first row with the values X. Then fill in the appropriate probability in the second row.Show that if X and Y are independent Exp(a)-distributed random vari- ables, then X/Y E F(2,2).Consider two independent exponential random variables X1 and X2 with parameter lambda=1. LetY1 = X1 Y2 = X1 + X2. Find the MMSE estimate of Y1 using Y2.
- Suppose X is random variable whose p.d.f. is f2)=(2x-x²), 0, OSxs2 Suppose X is random variable whose p.d.f. is f(x)={4 elsewhere Find the mode , if it exists.Suppose that y(x1,x2) = x1/x2, where x1 and x2 are two independent random variables. Which of the following equations is CORRECT?Let X1, X2, ..., Xn ~ exp(A) be a random sample. Show that X is sufficient for 1/A.
- Suppose that X and Y are independent random variables with EX=EY=100, and E[min(X,Y))=79. Find ElX-Y|, (the mean of the absolute value of X-Y).Suppose an insect lays a very large number of eggs Y, where Y ~ Po(lambda), and suppose that each egg survives with probability p. Assuming that the egg's survival is independent, on the average, how many eggs will survive?Suppose that X1 and X2 are independent and exponentially distributed random vari- 1 ables, both with mean . Let Y1 = X1 + X2 and Y2 X1 Find the joint pdf of X2 Y1 and Y2 (including its domain).