how should i do this
14.A society has three individuals and three alternatives A,B and C.Individuals 1 and 2 strictly prefer A to B and B to C.Individual 3 strictly prefers C to B and B to A.A Rawlsian social planner would therefore choose
a.A
b.B
c.C
d.D
For Q23,
P(X): P(-1) = P(0) = P(1) = 1/3
P(Y) = P(X^2) = P(1) = 2/3 and P(0) = 1/3
So they are clearly dependent.
If you calculate their means, they are not the same.
Hence by elimination, I got b
Q24:
Total outcomes= 30
Ways in which player 1 gets more heads:
(5,4),(5,3),...(5,0)
(4,3), (4,2), (4,1), (4,0)
(3,2), (3,1), (3,0)
(2,1), (2,0)
(1,O)
So the prob is 15/30 =1/2
hey chinni i think u have different series.....23,24,25,26 are macro problems....Consider an economy with an aggregate production function Y=aK+bL.....