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A sample of 90 hospital claims of X is observed where x = 5010 and s² = 49,100,100. Table 2.6 (of grouped data) was constructed in order to test the goodness-of-fit of: 1) an exponential model for X, and 2) a Pareto model for X (using the method of moments). Complete the table and perform the appropriate x² goodness-of-fit tests. Comment on the adequacy of fit.

A sample of 90 hospital claims of X is observed where x = 5010 and s² = 49,100,100. Table 2.6 (of grouped data) was constructed in order to test the goodness-of-fit of: 1) an exponential model for X, and 2) a Pareto model for X (using the method of moments). Complete the table and perform the appropriate x² goodness-of-fit tests. Comment on the adequacy of fit.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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TABLE 2.6 Hospital claims data. 123456 3 4 Interval 0- 528 528 - 1,118 1,787 2,559 2,559 - 3,473 4,591 3,473 - 4,591 - 6,032 6,032 - 8,063 8,063 - 11,536 +∞ 1,118 1,787 - - 7 8 9 10 11,536 - Oi (Obs) | E₁ (Exp) | E; (Pareto-MM) 14 17 9 2876757 12 4
Transcribed Image Text:TABLE 2.6 Hospital claims data. 123456 3 4 Interval 0- 528 528 - 1,118 1,787 2,559 2,559 - 3,473 4,591 3,473 - 4,591 - 6,032 6,032 - 8,063 8,063 - 11,536 +∞ 1,118 1,787 - - 7 8 9 10 11,536 - Oi (Obs) | E₁ (Exp) | E; (Pareto-MM) 14 17 9 2876757 12 4
A sample of 90 hospital claims of X is observed where x = 5010 and s² = 49,100,100. Table 2.6 (of grouped data) was constructed in order to test the goodness-of-fit of: 1) an exponential model for X, and 2) a Pareto model for X (using the method of moments). Complete the table and perform the appropriate x² goodness-of-fit tests. Comment on the adequacy of fit.
Transcribed Image Text:A sample of 90 hospital claims of X is observed where x = 5010 and s² = 49,100,100. Table 2.6 (of grouped data) was constructed in order to test the goodness-of-fit of: 1) an exponential model for X, and 2) a Pareto model for X (using the method of moments). Complete the table and perform the appropriate x² goodness-of-fit tests. Comment on the adequacy of fit.
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