Use the law of iterated expectation to calculate
Suppose we have a stick of length L. We break it once at some point X _ Unif(0;L). Then we break it again at some point Y _ Unif(0;X). Use the law of iterated expectation to calculate E[Y ].
Expert
X is the length of the stick after we break for the ?rst time. Y is the length after the second time.
We have E[ Y | X ] = X /2, since the breakpoint is chosen uniformly over the length X of the remaining stick. similarly, E[X ] = L/2.
E[Y] = E[E [Y | X ] ]= E[X/2]=E[X]/2 = L/4
Question 1 Do parents with more children travel more than parents of small families? To find out, a survey was done of a large number of adults. Respondents were asked how many children they had and how many times
A nurse practitioner working in a dermatology clinic is studying the efficacy of tretinoin in treating women’s post partum abdominal stretch marks. From a sample of 15 women, the mean reduction of stretch mark score is -0.33 with a sample standard deviation of 2.46. Describe what happens to the c
Consider a consumer with probability p of becoming sick. Let Is be the consumer’s income if he becomes sick, and let Ins be his income if he does not become sick, with Is < Ins. Suppo
1. A popular resort hotel has 300 rooms and is usually fully booked. About 4% of the time a reservation is canceled before 6:00 p.m. deadline with no penalty. What is the probability that at least 280 rooms will be occupied? Use binomial distribution to find the exact value and the normal approxi
Monte Carlo Simulation for Determining Probabilities 1. Determining the probability of winning at the game of craps is difficult to solve analytically. We will assume you are playing the `Pass Line.' So here is how the game is played: The shooter rolls a pair of
Cards are randomly drawn one at the time and with replacement from a standard deck of 52 playing cards. (a) Find the probability of getting the fourth spades on the 10th draw. (b) Determine the
what is the appropriate non-parametric counterpart for the independent sample t test?
Kramer spends all of his income $270 on two products, soup (S) and on golf balls (G). He always bought 2 golf balls for every 1 cup of soup he consumes. He acquires no additional utility from the other cup of soup unless he as well gets 2 more golf balls a
what are the advantages and disadvantages of seasonal variation
The table below illustrates the relationship between two variable X and Y. A
18,76,764
1945331 Asked
3,689
Active Tutors
1419850
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!