(Solution Library) A constructor wishes to sell 5 apartments, 3 of which in site A and the other 2 in site B. Let X be the number of apartments of site
Question: A constructor wishes to sell 5 apartments, 3 of which in site \(\mathrm{A}\) and the other 2 in site \(\mathrm{B}\). Let \(X\) be the number of apartments of site \(\mathrm{A}\) that he will sell in the coming month, and \(Y\) be the number of apartments of site \(\mathrm{B}\) that he will sell in the coming month. An expert calculated the probability distribution of these two random variables and the following table presents his assessment:
| Y | ||||
| 0 | 1 | 2 | ||
| 0 | 0 | 0.05 | 0.05 | |
| X | 1 | 0.05 | 0.1 | 0.15 |
| 2 | 0.05 | 0.15 | 0.1 | |
| 3 | 0.1 | 0.1 | 0.1 |
- What is the probability that the constructor will sell more apartments in site A than in B?
- If we know that none of the apartments in site A were sold, what is the probability that the number of apartments sold in site \(\mathrm{B}\) is more than zero.
- If we know that none of the apartments in site A were sold, what is the expected number of apartments sold in site B?
- Calculate \(\rho_{I Y}\).
- Are \(X\) and \(Y\) independent? Explain your answer.
- Assume that the profit from selling apartment in site \(\mathrm{A}\) is 20 thousand dollars and an apartment in site B 30 thousand dollars. Denote by \(W\) the total profit of the constructor. Calculate \(E(W)\) and \(V(W)\).
Deliverable: Word Document 