C find the probability that the government of

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Unformatted text preview: d P (Y > 250|X = 450). (c) Find the probability that the government of Neverland spends more on guns than on butter during a given month. That is, find P (X > Y ). (d) Find the probability that the government of Neverland exceeds the 700-million spending limit during a given month. That is, find P (X + Y > 700). STAT 420 Spring 2014: HW 1 1 University of Illinois Exercise 3 In Anytown, the price of a gallon of milk (X ) and the price of a package of Oreo cookies (Y ) vary from day to day according to a bivariate normal distribution with µX = $3.38, σX = $0.16, µY = $3.17, σY = $0.10, ρ = 0.50 (a) Find the probability that the price of a package of Oreo cookies is above $3.33. That is, find P (Y > 3.33). (b) Find the probability that the pri...
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