1.
(a) Probability distribution
function for Y
Outcome |
Y
=
0 |
Y
=
1 |
Y
=
2 |
Probability |
0.25 |
0.50 |
0.25 |
(b)
Cumulative probability distribution function for
Y
Outcome |
Y
<
0 |
0
£
Y
<
1 |
1
£
Y
<
2 |
Y
³
2 |
Probability |
0 |
0.25 |
0.75 |
1.0 |
(c)
Using Key Concept
2.3:
and
so that
2. We know from Table 2.2 that So
(a)
(b)
(c) Table 2.2 shows So
6. The table shows that
(a)
(b)
(c) Calculate the conditional probabilities first:
The conditional expectations are
(d) Use the solution to part (b),
(e) The probability that a randomly selected worker who is reported being unemployed is a college graduate is
The probability that this worker is a non-college graduate is
(f) Educational achievement and employment status are not independent because they do not satisfy that, for all values of x and y,
For example,
10. Using the fact that if then and Appendix Table 1, we have
(a)
(b)
(c)
(d)
12. (a) 0.05
(b) 0.950
(c) 0.953
(d) The tdf distribution and N(0, 1) are approximately the same when df is large.
(e) 0.10
(f) 0.01