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The document describes a population divided into two subgroups, with subgroup 0 having a mean income of μ0 and variance of σ02, and subgroup 1 having a mean income of μ1 and variance of σ12. The probability of being in subgroup 1 is p. The overall mean income E[yi] of the entire population is requested to be found.

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2. Please provide complete correct detailed solution. Thank you. Consider the distribution of individual incomes, yi in a population that is divided into two subgroups, indicated by the random variable D {0,1}. Assume: So mu 0, v 0 are the mean and variance of yi in group 0, and mu1, v1 are the mean and variance of y, in group 1. Suppose that P(D,i = 1) = p. Find mu = E[yi]> the overall mean of yi. Solution

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2. Please provide complete correct detailed solution. Thank you. Con.pdf

  • 1. 2. Please provide complete correct detailed solution. Thank you. Consider the distribution of individual incomes, yi in a population that is divided into two subgroups, indicated by the random variable D {0,1}. Assume: So mu 0, v 0 are the mean and variance of yi in group 0, and mu1, v1 are the mean and variance of y, in group 1. Suppose that P(D,i = 1) = p. Find mu = E[yi]> the overall mean of yi. Solution