4 - Chapter 2, Exercise Solutions, Principles of...

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Chapter 2, Exercise Solutions, Principles of Econometrics, 3e 4 EXERCISE 2.2 (a) Using equation (B.30), () 110 140 PX << | $1000 | $1000 | $1000 222 | $1000 | $1000 | $1000 110 140 yx X P == = === ⎛⎞ −μ ⎜⎟ =< < σσσ ⎝⎠ 110 125 140 125 2.1429 2.1429 0.9679 49 49 PZ P Z −− < = < < = .00 .01 .02 .03 .04 .05 .06 100 110 120 130 140 150 Y FY Figure xr2.2
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