A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Problem # 3 Another variation on a somewhat familar theme...:
Let random variables X and Y reflect the winning rates of two gamblers, i.e., each takes
value in [0,1] and measures the performance in terms of the number of winning bets divided
by the total number of bets. It has been established that their joint PDF is:
Sx,y(x,y) = {
0
12x3y² 0≤ x ≤ 1, 0 ≤ y ≤ 1,
otherwise
a) Find the expected winning rates E[X], E[Y], the covariance Cov(X, Y] and the
expected winning ratio E[X/Y].
b) Find their (n, k) joint moment about the origin.
c) Are X and Y uncorrelated, orthogonal and/or independent?
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Transcribed Image Text:Problem # 3 Another variation on a somewhat familar theme...: Let random variables X and Y reflect the winning rates of two gamblers, i.e., each takes value in [0,1] and measures the performance in terms of the number of winning bets divided by the total number of bets. It has been established that their joint PDF is: Sx,y(x,y) = { 0 12x3y² 0≤ x ≤ 1, 0 ≤ y ≤ 1, otherwise a) Find the expected winning rates E[X], E[Y], the covariance Cov(X, Y] and the expected winning ratio E[X/Y]. b) Find their (n, k) joint moment about the origin. c) Are X and Y uncorrelated, orthogonal and/or independent?
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