Suppose that P, the price of a certain commodity (in dollars), and S, its total sales (in 10,000 units), are random variables whose joint probability distribution can be approximated closely with the joint probability density
f(p,s)=5pe^(-ps) for 0.2<p<0.4, s>0 and 0 elsewhere
Find the probabilities that
(a) the price will be less than 30 cents and sales will exceed 20,000 units;
(b) the price will between 25 cents and 30 cents and sales will be less than 10,000 units;
(c) the marginal density of P;
(d) the conditional density of S given P=p;
(e) the probability that sales will be less than 30,000 units when p=25 cents.
how to calculate the first part (the ds part, . Mr F says: Do you know how to integrate? You're integrating a simple exponential function. Where are you stuck here? the problem is the S is form 2 to infin. there is not exactly number for infin. like if it is from negative infin to 2,then i know the number is from 0 to 2.
and I think the dp part is , is it right? Mr F says: Why would you think that when the question clearly says "the price will be less than 30 cents "?! because the problem is the Price is 0.2<p<0.4, so think is should be 0.2 to 0.3