(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
  1. What is the probability that the constructor will sell more apartments in site A than in B?
  2. 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.
  3. If we know that none of the apartments in site A were sold, what is the expected number of apartments sold in site B?
  4. Calculate \(\rho_{I Y}\).
  5. Are \(X\) and \(Y\) independent? Explain your answer.
  6. 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 \(V(W)\).

Price: $2.99
Solution: The downloadable solution consists of 5 pages
Deliverable: Word Document

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