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Please read the English parts as the Chinese parts are just a translation. I faced a difficulty from Question (c)

Question 1 Let X denote the total number of heads” when 2 coins are tossed. Assume the probability of getting head is 0.4
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Question 2 continued d) Show the property 4, E[E(Y|X)] = E(Y), is satisfied. (Hint: calculate the left/right hand side and sh
Question 3 Let X be a random variable with the probability distribution P(X = 1) = 0.3 and PCX = -1) = 0.7. MLXXX* P(X = 1) =
Question 3 continued c) This time, I draw a sample with three observations X1, X2, X3. Show the probability distribution of a
Question 4 We have observations of some individuals wages and years of education given in the table below, Years of Educatio
Question 4 Continued b) Compare the average wage between X=12 and X=16 and calculate the change of monthly wage for each addi
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Answer #1

Probability of getting a Head is 0.4 a] Probability distribution of a If we get both heads then x=2 P(x=2) = 0.4² If we get oVariance Vix) = E(X2) - [EC%)]? E(X)= lx E(+2) = { ² pla) = 0? x 0.36 + 12 *0.48 + 2? *0.16 2 1.12 V(x) = 1.12 - 0.82 = 0.48Question 2 P(X) 0.6 Unemployed (Y=0) Employed (41) 0.36 0.24 0.4 0.32 Non-College grads (x2) college grads CX-1) PCy) 008 0.3c] Conditional Expectation écy | X=0) E(91=0) = { y.P (4)X =0) = 0x0.4 + 1 X 0.6 = 0.6 conditional expectation of E(y)x=1) -E CECY ()] = { € (41x) • P(X=) = E(y 1x=0). P(x=0) + E(Y)x=1).P(x=1) 0.6 X 06 + 018 30 = 0.68 Marginal distribution of y E(Y)

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