TABLE 2.6Hospital claims data.12345634Interval0-528528 - 1,1181,7872,5592,559 - 3,4734,5913,473 -4,591 - 6,0326,032 - 8,0638,063 - 11,536+∞1,1181,787--78910 11,536 -Oi (Obs) | E₁ (Exp) | E; (Pareto-MM)141792876757124 A sample of 90 hospital claims of X is observed where x = 5010 ands² = 49,100,100. Table 2.6 (of grouped data) was constructed in orderto 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 thetable and perform the appropriate x² goodness-of-fit tests. Commenton the adequacy of fit.

IntervalOi(Observed)Ei(Expected)Ei(Pareto - MM)10 to 528142528 to 11181731118 to 1787941787 to…

Answered: A sample of 90 hospital claims of X is…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A random sample of n1 = 157 people ages 16 to 19 were taken from the island of Oahu, Hawaii, and 12 were found to be high school dropouts. Another random sample of n2 = 129 people ages 16 to 19 were taken from Sweetwater County, Wyoming, and 6 were found to be high school dropouts. Do these data indicate that the population proportion of high school dropouts on Oahu is different (either way) from that of Sweetwater County? Use a 1% level of significance. (a) What is the level of significance? What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.) (c) Find (or estimate) the P-value. (Round your answer to four decimal places.)
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