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Stat 515 Final Exam Practice Problems + Solution: Z Z Z Z
Stat 515 Final Exam Practice Problems + Solution: Z Z Z Z
Hsieh
Section:
NOTE: Write main steps of your work clearly and circle your answers.
1. Suppose that the joint p.d.f. of X and Y is given by
f (x, y) = 8xy, 0 < x < y < 1
=0
elsewhere
(a) Verify that the f (x, y) given above is indeed a p.d.f.
Answer:
1
Z
0
8xydxdy =
Z
0
4yx2 ]y0 dy
Z
0
xf1 (x)dx =
Z
0
0<t<1
(a) Write down the joint p.d.f. of X and Y , f (x, y) =?, including the support of the
function.
f (x, y) = (2x)(2y) = 4xy, 0 < x < 1, 0 < y < 1.
(b) Draw the line x + y = 21 , indicating the origin and coordinates x and y. Then
indicate the area of x + y < 12 in the support of f (x, y).
(Draw by yourself.)
(c) Find Pr{X + Y < 21 }.
Z 1 Z 1 y
Z 1
1
1
2
2
2
y
4xydxdy =
2y[x2 ]02 dy
Pr{X + Y < } =
2
0
0
0
Z 1
Z 1
1
2
2
=
2y[( y)2 ]dy =
2y[1/4 y + y 2 ]dy
2
0
0
y2 y3 y4
= 2
+
8
3
4
"
#1
2
=
0
1
96
3. Consider gains X1 , X2 (in dollars) of two investiments. Assume that the two gains are
independent and normally distributed with
X1 N (100, 25),
X2 N (50, 16)
noting that the second mean is a negative number. Denote the total gain by T =
X1 + X2 .
(a) What is the distribution of the total gain? That is, give the name, mean and
variance of the distribution of T .
Since T is the sum of two normal variables, T is also a normal variable with
E(T ) = 100 + (50) = 50; V (T ) = 25 + 16 = 41
(b) What is the chance that the total gain will be greater than $60?
w1
w 2 = w 2 e2
, for w > 0.
h(u) = 4
1
u
3
e2(u2v) dv
0
2u
= 4e
1
u
3
e4v dv
0
1
= e2u [e 3 u 1],
u>0
4!
f (y1 )[P (X > y1 ]3 = 4(2y1 )[1 y12 ]3 = 8y1 [1 y12 ]3 , 0 < y1 < 1
1!3!
4!
[F (y4 )]3 f (y4 ) = 4[y42 ]3 (2y4 ) = 8y47 , 0 < y4 < 1
3!1!
4!
(2y1 )[y32 y12 ](2y3 )[1 y32 ], 0 < y1 < y3 < 1
1!1!1!1!