You are given two discrete random variables X, Y that assume the possible values 0, 1 according
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(a) What are the marginal distributions of X and Y?
(b) Are X and Y independent?
(c) Calculate E[X] and E[Y].
(d) Calculate the conditional distribution P [X| Y = 1].
(e) Obtain the conditional expectation E[X| Y = 1] and the conditional variance V[X| Y = 1].
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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P(Y 1) P(Y 0) P(Y 1 0.2 P(Y 0) 0.15 0.4 0.25
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a Marginal Distributions P X 1 P X 1 Y 1 P Y 1 P X 1 Y 0 P Y 0 99 0 60 100 P X 0 P X 0 Y 1 P Y 1 P ...View the full answer
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Related Book For
An Introduction to the Mathematics of Financial Derivatives
ISBN: 978-0123846822
3rd edition
Authors: Ali Hirsa, Salih N. Neftci
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