Introduction to Econometrics by M. W. Watson J. H. Stock

By M. W. Watson J. H. Stock

Creation to Econometrics, second variation (Addison-Wesley sequence in Economics) [Hardcover]James H. inventory (Author) Mark W. Watson (Author)

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U lt and yo u wiIJ gel nothing at al l. Thus. 01. O ver many such loon"- 99% of tbe time you would be paiL! 90. 90. A~ a second cx

FIGURE 2 . he probability thot the the indicated number 01 times. 8, so the P'"obobility of 0 com pu te r crashes is 80'1.. ' , 50 14-. e probobility of 1 com' puter crash is 10%, a nd so forth for the other bars. boes 2. 1 Rondom Voriobl63 One! Probobility Distributions 21 For exam ple. le t G be the gende r of the nex t new pe rson you mee t. wh e re G "" 0 indicates tha t the pe rson is ma le and G = 1 indicates that she is fema le. The outcomes of G and their probabilities thus are 1 with probability p { G = 0 with probabilit y I - p, (2.

35 times while writing a particular tcnn paper! 35. 1. Expected yalue ofa Bernoulli random 'IIariable. 1 Review of Probability FXPFrTFn _ _ _ _ _ VAlllF AND THE MEAN -------------------Suppose the random variable Y takes on k possible values. )', ... _y". v, denotes the first value,Y2 denotes the second value, and so fort h, and that the prob­ ability that Y lakes on )'1 is P" the probability thai Y takes on >"2is P2' and so fo rth. The expected value o f Y. y. variable. Lei G be the Be rnoulli random variable wi lh lhe probabi lity distribution in Equatio n (2.

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