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Contracts for two construction jobs are randomly assigned
Chapter 5, Problem 1E(choose chapter or problem)
Problem 1E
Contracts for two construction jobs are randomly assigned to one or more of three firms, A, B, and C. Let Y1 denote the number of contracts assigned to firm A and Y2 the number of contracts assigned to firm B. Recall that each firm can receive 0, 1, or 2 contracts.
a Find the joint probability function for Y1 and Y2.
b Find F(1, 0).
Questions & Answers
QUESTION:
Problem 1E
Contracts for two construction jobs are randomly assigned to one or more of three firms, A, B, and C. Let Y1 denote the number of contracts assigned to firm A and Y2 the number of contracts assigned to firm B. Recall that each firm can receive 0, 1, or 2 contracts.
a Find the joint probability function for Y1 and Y2.
b Find F(1, 0).
ANSWER:
Answer:
Step 1 of 2:
(a)
The contract for two construction jobs are randomly assigned to one or more of three firms, Let denote the number of contracts assigned to firm and the number of contracts assigned to firm
Recall that each firm can receive contracts.
We need to find the joint probability function for and
Let and be discrete random variables. The joint (or bivariate) probability function for and is given by,
…………(1)
Let denote the pair of event that contracts are assigned to firm and contracts are assigned to firm
Here can take values since there are only two construction jobs.
To find the total number of events in the sample space, we need to find out the number of pairs.
So by the product rule, a total number of ways is
Therefore the sample space
Hence the probability that contracts is assigned to firm and 0 contracts assigned to firm
Using equation (1),
[ ]
Similarly, we can write,
Similarly, we can write the probability,
Lets update the above values in the joint table.
Hence the joint distribution of
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0 |
1 |
2 |
Total |
0 |
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1 |
0 |
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2 |
0 |
0 |
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Total |
1 |