Its Christmas day and Bobby can either watch Stat Wars S or
It\'s Christmas day, and Bobby can either watch Stat Wars (S) or go to a family party (P). His enjoyment can be either 50 or 100. Joint pdf\'s are as follows: Calculate marginal pdf\'s Calculate f(Utility Star Wars) Calculate f(Party Utility = 100) From (b) and (c) above, are Bob\'s activity and utility statistically independent? Calculate expected value, variance, and standard deviation for utility.
Solution
