1. Let Y Use the laws of total expectation and total variance and the fact that E(X) = 0 and Var(X) = 0 to show that E(Y) = 0 and Var(Y) = 0(1+0). Poisson(X) where X Exponential(0) and 0 > 0 is a fixed scale parameter.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 1E
icon
Related questions
Question
Exercise 5.41 Compound distributions. If Y ~ Poisson(A) then E(Y)= \ and Var(Y)
d. The Poisson distribution has only a single parameter so we cannot shift and scale the
=
distribution by different amounts, which limits its usefulness in certain practical applications.
This problem can be addressed by allowing the parameter itself to be a random variable.
1. Let Y ~ Poisson(X) where X ~ Exponential (0) and 0 > 0 is a fixed scale parameter.
Use the laws of total expectation and total variance and the fact that E(X) = 0 and
Var(X) = 0² to show that E(Y) = 0 and Var(Y) = 0(1+0).
Transcribed Image Text:Exercise 5.41 Compound distributions. If Y ~ Poisson(A) then E(Y)= \ and Var(Y) d. The Poisson distribution has only a single parameter so we cannot shift and scale the = distribution by different amounts, which limits its usefulness in certain practical applications. This problem can be addressed by allowing the parameter itself to be a random variable. 1. Let Y ~ Poisson(X) where X ~ Exponential (0) and 0 > 0 is a fixed scale parameter. Use the laws of total expectation and total variance and the fact that E(X) = 0 and Var(X) = 0² to show that E(Y) = 0 and Var(Y) = 0(1+0).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage