|Consider two independent random variables X and Z with means lx variances o and o, respectively. Consider a random variable and Uz and Y = X/Z. Give approximations for E(Y) and Var(Y).

Suppose the relationship between Y and X is given by: Y = 30 - 25X + error  What is the expected value of Y when X is 10?

The random variables X,Y have variance Var(X)=36 and Var(Y)=1 and their correlation is Cor(X,Y)=−3/4. Calculate Var(X+Y) with a full explanation

The maximum patent life for a drug is 17 years. Subtracting the length of time required by the FDA for testing and approval of the drug provides the actual patent life for the drug that is, the length of time that the company has to recover research and development costs and to make a profit. The distribution of the lengths of actual patent lives for new drugs is given below, where Y is a random variable representing actual patent life of a drug (in years): y P(Y=y) F(y) 4 5 6 7 8 9 10 11 0.06 0.08 0.11 0.15 0.22 0.18 0.12 0.08 a) Complete the table above with the cumulative probability distribution for actual patent life (F(y) = P(Y ≤ y)). b) What is the probability that the actual patent life of a random drug is 6 years or less? c) What is the probability that the actual patent life of a random drug is more than 8 years? Show this in two ways: i. using the probability distribution for Y ii. using the cumulative probability distribution for Y, and applying our probability of comple-…

Answer number 4

The mean and variance of a binomial variate X are 4 and 4/3 respectively. Find P(X ≥ 3)

Let X₁, X2, X3, Xn be a random sample with unknown mean EX; = µ, and unknown variance Var(X₂) = o². Suppose that we would like to estimate 0 = μ². We define the estimator as 2 • - (™)² - [ 2x]* Xk to estimate 0. Is an unbiased estimator of ? Why?

Q4 Three electron emitters produce electron beams with changing kinetic energies that are uniformly distributed in the ranges [3,7+45], [2,5+45], and [4,10+45] (Roundup after multiplying by f). Let Y denote the total kinetic energy produced by these electron emitters. (a) Suppose that the three beam energies are independent. Determine the mean and variance of Y . (b) Suppose that the covariance between any two beam energies is -0.5. Determine the mean and variance of Y . (c) Compare and comment on the results in parts (a) and (b).

Please help with this practice problem