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

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Please help Q4. (10 marks) Let X1 and X2 be two independentrandom variables. Suppose each Xi is exponentially distributed with parameter ii. Let

Q4. (10 marks) Let X1 and X2 be two independent random variables. Suppose each Xi is exponentially distributed with parameter ii. Let Y=Min (X1, X2). A) (5 marks) Find the pdf of Y. B) (5 marks) Find EO'). Hint: Let Y = Min (X1, X2). 1-P[Y > c] = 1'le (X1, X2) > C] = P[X1> 0, X2 > 0] 2. Obtain the pdf of Y by differentiating its cdf of Y. Q5. (10 marks) Let X1, . . . , X11 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 pdfofW = Max (X1, X2, .. ., X\"). B) (5 marks) Find E(W). Hint. Let W = Max (X1, X2, . . ., X11). 1.P[W S c] = P[Max (X1, X2, ...,XD):I c]=P[X1 c, X2 :1 c,..., XnSc] 2. Obtain the pdf of W by differentiating its cdfof W. Q2. (10 marks) Given the random variables X and Y having the following joint density: f(x, y) = 2(x + y) for 0

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