Suppose that the random variables (X) and (Y) are independent and you know their distributions. Explain why

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Suppose that the random variables \(X\) and \(Y\) are independent and you know their distributions. Explain why knowing the value of \(X\) tells you nothing about the value of \(Y\).

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Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

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