Purchase Solution

Marginal Probability Density Function and Expected Values

Not what you're looking for?

Ask Custom Question

Two stores A and B, which belong to (be same owner, are located in two different shopping centers. If X and Y, in thousands of dollars. are the profit made by each store in any week, the joint probability density function of these two random variables is given by
....
a) Find the value of...
b) Find the marginal probability density function for each of the random variables. Are the weekly profits of these two stores independent?
(c) Calculate the probability that in one particular week, the profit of store B will be less than $2000.
(d) What will be the expected weekly profit made by store B?

keywords:pdf

Attachments
Purchase this Solution

Solution Summary

Marginal probability density function and expected values are investigated. The solution is detailed and well presented.

Purchase this Solution


Free BrainMass Quizzes
Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Probability Quiz

Some questions on probability

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.