Following Alfred Nobel's will,there are five Nobel Prizes awarded each year.These are for outstanding achievements in Chemistry,Physics,Physiology or Medicine,Literature,and Peace.In 1968,the Bank of Sweden added a prize in Economic Sciences in memory of Alfred Nobel.You think of the data as describing a population,rather than a sample from which you want to infer behavior of a larger population.The accompanying table lists the joint probability distribution between recipients in economics and the other five prizes,and the citizenship of the recipients,based on the 1969-2001 period.
Joint Distribution of Nobel Prize Winners in Economics and Non-Economics Disciplines,and Citizenship,1969-2001
(a)Compute E(Y)and interpret the resulting number.
(b)Calculate and interpret E(Y =1)and E(Y
=0).
(c)A randomly selected Nobel Prize winner reports that he is a non-U.S.citizen.What is the probability that this genius has won the Economics Nobel Prize? A Nobel Prize in the other five disciplines?
(d)Show what the joint distribution would look like if the two categories were independent.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q48: Using the fact that the standardized variable
Q51: The systolic blood pressure of females in
Q52: Find the following probabilities:
(a)Y is distributed
Q53: Show in a scatterplot what the relationship
Q54: You consider visiting Montreal during the break
Q57: Use the definition for the conditional distribution
Q58: The table accompanying lists the joint distribution
Q59: From the Stock and Watson (http://www.pearsonhighered.com/stock_watson)website the
Q61: SAT scores in Mathematics are normally distributed
Q62: The accompanying table gives the outcomes and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents