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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 16
X and Y are discrete random variables with the following joint distribution:
That is, Pr( X = 1, Y = 14) = 0.02, and so forth.
a. Calculate the probability distribution, mean, and variance of Y.
b. Calculate the probability distribution, mean, and variance of Y given X=8.
c. Calculate the covariance and correlation between X and Y.
That is, Pr( X = 1, Y = 14) = 0.02, and so forth.a. Calculate the probability distribution, mean, and variance of Y.
b. Calculate the probability distribution, mean, and variance of Y given X=8.
c. Calculate the covariance and correlation between X and Y.
Explanation
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We are told that X and Y are discrete ra...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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