ECON 351 Lecture Notes - Lecture 1: Bernoulli Distribution, Stock Fund, Binomial Distribution
13 Mar 2018
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Due on january 29, 2018 no later than 5:35pm. [59 points total] (1) [6 pts] suppose that in the province of ontario the written exam for a drivers license consists of 4 multiple-choice questions. {a, b, c, d}, only one of which is correct. For the sake of simplicity, you may assume throughout this exercise that the correct answer is a for all four questions, but that a student does not know this before taking the exam. Passing requires answering at least 3 questions correctly. A is a subset of s; make sure it contains all possible scenarios resulting in a passing grade. (c) let x be a bernoulli random variable equalling 1 if the student passes (assuming random guessing), and zero otherwise. The software will then output the probability of at least 5 funds outperforming the market. http://www. wolframalpha. com/input/?i=binomial+distribution+calculator) (3) [6 pts] x and y are discrete random variables with the following joint distribution:
