# Project #11818 - college econometric homework

 somehow when i copy and past the numbers dont show and i dont know how to attach a file here.  Ill attach a file later Fall 2013

Assignment Rules

1. Homework assignments must be typed. For instruction how to type equations and math objects please see notes “Typing Math in MS Word”.
2. Homework assignments must be prepared within this template. Save this file on your computer and type your answers following each question. Do not delete the questions.
3. Your assignments must be stapled.
4. No attachments are allowed. This means that all your work must be done within this word document and attaching graphs, questions or other material is prohibited.
5. Homework assignments must be submitted at the end of the lecture, in class, on the listed dates.
6. Late homework assignments will not be accepted under any circumstances, but the lowest homework score will be dropped.
7. The first homework assignment cannot be dropped.
8. All the graphs should be fully labeled, i.e. with a title, labeled axis and labeled curves.
9. In all the questions that involve calculations, you are required to show all your work. That is, you need to write the steps that you made in order to get to the solution.

1. Suppose that length of life in Japan,, has exponential distribution:   . The pdf of X is given by:

1. What is the support of ?
2. Prove that indeed, the above function is a pdf (i.e. nonnegative on the entire support, and integrates to 1 over the entire support).
3. Show that life expectancy in Japan is . (Hint: use integration by parts).
4. Show that the probability that a newborn will live until the age of 100 is .
5. Suppose that only 5% of the newborns live more than the age of . Show that .

1. Consider the random experiment of tossing two dice.
1. Write the sample space for this random experiment.
2. Let X be a random variable, which records the maximum of the two dice. List all the possible values of X (i.e., describe the support of X).
3. Show the probability density function of X. The best way to do this is to create a table like this:
 1 2 … …

1. Calculate the expected value (mean) of X.
2. Calculate the variance of X.

1. Let X be a continuous random variable, with pdf

1. Verify that f is indeed a probability density function (i.e. it is nonnegative, and integrates to 1 over the entire support).
2. Using Excel, plot the graph of this pdf.
3. Calculate the mean of X.
4. Calculate the variance of X.

1. Let X be a random variable with mean  and variance , and let .
1. Using rules of expected values show that the mean of Y is 0.
2. Using the rules of variances, show that the variance of Y is 1.

1. Consider the function

1. Show that  is a probability density function.
2. Check whether  and  are statistically independent.

1. Let X be a random variables, and a, b be some numbers. Let . Prove that: if , then , if  then , and if , then .

1. Meteorologists study the correlation between humidity H, and temperature. Some measure the temperature in Fahrenheit F, while others use Celsius C, where  .
1. Show that two researchers, who use the same data, but measure temperature in different units, will nevertheless find the same correlation between humidity and temperature. In other words, show that

1. Will the researchers get the same covariance if they use different units? Prove your answer.
2. Based on your answers to a and b, should researchers report covariance or correlation from their studies? Why?

1. Let  and  be identically distributed random variables, and thus both have the same mean  and variance . Let  be the average of  and , that is  .
1. Show that the mean of  is .
2. Find the variance of .
3. Show that if  and  are independent, then the variance of  is .

1. This question generalizes the previous one to average of any number of identically distributed random variables. Let  be n identically distributed random variables with mean  and variance . Let the average of these variables be .
1. Show that the mean of  is .
2. Show that if  are independent, then the variance of  is .
3. What is the limit of  as , still assuming that  are independent?

 Subject Business Due By (Pacific Time) 09/04/2013 11:45 pm
TutorRating
pallavi

Chat Now!

out of 1971 reviews
amosmm

Chat Now!

out of 766 reviews
PhyzKyd

Chat Now!

out of 1164 reviews
rajdeep77

Chat Now!

out of 721 reviews
sctys

Chat Now!

out of 1600 reviews

Chat Now!

out of 770 reviews
topnotcher

Chat Now!

out of 766 reviews
XXXIAO

Chat Now!

out of 680 reviews