1. (15%) Assume that Z follows a standard normal distribution, i.e. Z~N(0, 1), σ
is a constant, and X =
. please compute the value of the expectation
given by E[Max(X-1,0)] +E[Min(X-1,0)].
1. (15%) Assume that Z follows a standard normal distribution, i.e. Z~N(0, 1), σ
is a constant, and X =
. please compute the value of the expectation
given by E[Max(X-1,0)] +E[Min(X-1,0)].