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  3. the following table gives the joint probability distribution between employment...

Question: the following table gives the joint probability distribution between employment...

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The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working-age U.S. population for 2016. Suppose there was a data entry error, resulting in an outlier of value 1111. As a result, the joint probability distribution is provided below. (a) Calculate the expected value and variance of X. (b) In words, describe how outliers affect the expected value and variance of X. You may want to compare the values from part (a) to the values from Problem 1 parts (a) and (b). Unemployed (Y- 0) Employed (Y-1) Non-college graduates (X 0) College graduates (X 1) 0.045 0.026 0 0.621 0.298 0.010

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