Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The data in the following table (Exercise 12.12) shows samples of size = 20 drawn from four di?erent populations postulated to be normal, , lognormal L, gamma G, and inverse gamma I, respectively.

XN

9.3745

XL

7.9128

XG

10.0896

XI

0.084029

8.8632

5.9166

15.7336

0.174586

11.4943

4.5327

15.0422

0.130492

9.5733

33.2631

5.5482

0.115567

9.1542

24.1327

18.0393

0.187260

9.0992

5.4151

17.9543

0.100054

10.2631

16.9556

12.5549

0.101405

9.8737

3.9345

9.6640

0.100835

7.8192

35.0376

14.2975

0.097173

10.4691

25.1182

4.2599

0.141233

9.6981

1.1804

19.1084

0.060470

10.5911

2.3503

7.0735

0.127663

11.6526

15.6894

7.6392

0.074183

10.4502

5.8929

14.1899

0.086606

10.0772

8.0254

13.8996

0.084915

10.2932

16.1482

9.7680

0.242657

11.7755

0.6848

8.5779

0.052291

9.3790

6.6974

7.5486

0.116172

9.9202

3.6909

10.4043

0.084339

10.9067

34.2152

14.8254

0.205748

(i) Validate these postulates using the full data sets. Note that the population parameters have not been speci?ed.

(ii) Using only the top half of each data set, repeat (i). For this particular example, what effect, if any, does sample size have on the probability plots approach to probability model validation?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91710359

Have any Question?


Related Questions in Statistics and Probability

The average time a person spends at the barefoot landing

The average time a person spends at the Barefoot Landing Aquarium Is 96 minutes. The standard deviation is 17 minutes, and this variable is normally distributed. What is the probability that a randomly selected visitor w ...

What is measured by the numerator of the z-score test

What is measured by the numerator of the z-score test statistic?

Bella is 23 years old and wants to invest money for her

Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at age 65. a) If she can earn 10% per year in an equity mutual fund, calculate the amount of mone ...

Suppose that 1 of the employees of a certain company use

Suppose that 1% of the employees of a certain company use illegal drugs. This company performs random drug tests that return positive results 99% of the time if the person is a drug use. However, it also has a 2% false p ...

Suppose you believe that johnson companys stock price is

Suppose you believe that Johnson Company's stock price is going to increase from its current level of $22.50 sometime during the next 6 months. For $250.30 you can buy a 6-month call option giving you the right to buy 10 ...

Initial outlay is 16853year 1 5625year 2 5504year 3

Initial outlay is $16,853 Year 1 $5,625 Year 2 $5,504 Year 3 $5,892 Year 4 $8,851 What is the discounted payback period? The discount rate is 10%...Round answer to two decimal points

Rand corporation has a 00 probability of a return of 06 a

Rand Corporation has a 0.0 probability of a return of 0.6, a 0.3 probability of a rate of return of 0.05, and the remaining probability of a 0.92 rate of return. What is the expected rate of return of Rand Corporation?

Across the nine cities in multilevel multivariate analysis

Across the nine cities, in multilevel, multivariate analysis, controlling for income inequality (GINI coefficient), percent living in poverty and percent Non-Hispanic Black population, the ZIP code level overall HIV diag ...

Confidence intervals ci are one of the simpler forms of

Confidence intervals (CI) are one of the simpler forms of inferential statistics. What does the CI represent? And why does our knowledge of the Central Limit Theorem (CLT) and the empirical rule let us understand why the ...

Te height of woman ages 20-29 is normally distributed

The height of woman ages 20-29 is normally distributed , with a mean of 64.3 inches. assuming the standard diviation = 2.4 inches. are you more likely to randomly select 1 woman with a height less than 66.2 inches or are ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As