Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Why Divide by n21? Let a population consist of the values 3, 6, 9. Assume that sam- ples of two values are randomly selected with replacement.

a. Find the variance s2 of the population {3, 6, 9}.

b. List the nine different possible samples of two values selected with replacement, then find the sample variance s2 (which includes division by n 2 1) for each of them. If you repeatedly select two sample values, what is the mean value of the sample variance s2?

c. For each of the nine samples, find the variance by treating each sample as if it is a population. (Be sure to use the formula for population variance, which includes di- vision by n.) If you repeatedly select 2 sample values, what is the mean value of the population variances?

d. Which approach results in values that are better estimates of s2: Part (b) or part (c)? Why? When computing variances of samples, should you use division by n or n 2 1?

e. The preceding parts show that s2 is an unbiased estimator of s2. Is s an unbiased estimator of u?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91603449

Have any Question?


Related Questions in Statistics and Probability

Borel wants to be a millionaire when he retires in 40 years

Borel wants to be a millionaire when he retires in 40 years. How much does he have to save each month if he can earn a 10% annual return? (round off all answers to 2 decimal places)

An urn contains 5 red and 10 blue balls balls are drawn

An urn contains 5 red and 10 blue balls. Balls are drawn sequentially from urn without replacement. Let X be the number of draws necessary in order to obtain exactly 4 red balls. Find probability mass function of X

For an environmental group it is known that 75 of their

For an environmental group, it is known that 75% of their door-to-door solicitations result in a donation of some kind. Find the probability that... (Hint: first determine what is a 'success' and what is a 'failure' base ...

If i had to collect and assess the quality and

If I had to collect and assess the quality and appropriateness of data held by a large, multi-national organization. What steps should I take? How would I address network, security, and ethical considerations when decidi ...

Assume 20 of customers who enter a clothing store make a

Assume 20% of customers who enter a clothing store make a purchase and customers behave independently of one another. Ten customers enter the store in the next hour. The salesman on duty makes $20 per hour plus a $10 com ...

On the production line the company finds that 997 of

On the production line the company finds that 99.7% of products are made correctly. You are responsible for quality control and take batches of 30 products from the line and test them. What number of the 30 being incorre ...

Leibniz sells you an annuity that pays 1500 every month

Leibniz sells you an annuity that pays $1,500 every month from the end of September 2018 to the end of August 2022 with annual interest rate 7% compounded monthly. (round off all answers to two decimal places) (a) What i ...

Why does a high standard deviation of a stocks rate of

Why does a high standard deviation of a stock's rate of return mean that that stock is risky? Explain. (Hint: Intuitively explain how we calculate standard deviation and what does it mean)

Research scenarionbspchildren who experience chronic pain

Research Scenario:  Children who experience chronic pain as a result of medical procedures are the focus of a psychiatrist's study. Specifically, the psychiatrist wants to measure whether a new program helps decrease fee ...

Describe the theoretical problems of ethics 3 the

Describe the theoretical problems of ethics (3), the objectives to solving them.

  • 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