Analytical Methods in Economics and Finance - Accounting and Finance Assignment Help

Assignment Task :

Question 1 (this question has three parts, (a), (b) and (c)) 

(a) Consider the following probability distribution function for the 

discrete random variable X. Calculate E(3X2 + 5). 

X 2 3 4 f(X) 0.45 0.34 0.21 

(b) The following joint probability distribution function table shows the likelihood of the number of times (X) different age groups of people (Y) have left their house each week for any reason during the COVID-19 crisis. Note that X = 1, 2 and 3. The variable Y = 1 (Young), 2 (Middle aged), 3 (Old) and 4 (Very old). Calculate Cov (X,Y). 

(c) During the COVID-19 pandemic, it has been observed that for a selected group of countries, the number of new cases recorded has a normal distribution with a mean of 102, and a standard deviation of 127. Find: 

(i) P(50 < X < 150) (ii) What is the probability that on any one day in one of these countries, less than 10 new cases will be recorded?

This Accounting and Finance Assignment  has been solved by our Accounting and Finance Experts at onlineassignmentbank. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.