Question: Please help Q4. (10 marks) Let X1 and X2 be two independent random variables. Suppose each Xi is exponentially distributed with parameter Xi. Let Y=Min

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Please help Q4. (10 marks) Let X1 and X2 be two independent

Q4. (10 marks) Let X1 and X2 be two independent random variables. Suppose each Xi is exponentially distributed with parameter Xi. Let Y=Min (X1, X2). A) (5 marks) Find the pdf of Y. B) (5 marks) Find E(Y). Hint: Let Y = Min (X1, X2). 1.P[Y > c] = P[Min (X1, X2) > c] = P[X, > c, X2 > c] 2. Obtain the pdf of Y by differentiating its cdf of Y. Q5. (10 marks) Let X1, ..., Xn be random variables corresponding to n independent bids for an item on sale. Suppose each Xi is uniformly distributed on [100, 200]. If the seller sells to the highest bidder, what is the expected sale price? A) (5 marks) Find the pdf of W = Max (X1, Xz, ..., Xx). B) (5 marks) Find E(W). Hint: Let W = Max (X1, Xz, ..., Xn). 1. P[W

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