(i)Claim size, X, has mean u and variance 500.(ii)The random variable u has a mean of 1000 and variance of 50.(iii)The following three claims were observed: 750, 1075, 2000Calculate the expected size of the next claim using Bühlmann credibility.(A)1025(B)1063(C)1115(D)1181(E)1266

Answered: Image /qna-images/answer/c6aff2a2-a593-4e89-97ee-5c26860b1570.jpg

Answered: (i) Claim size, X, has mean u and…

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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Fran is training for her first marathon, and she wants to know if there is a significant difference between the mean number of miles run each week by group runners and individual runners who are training for marathons. She interviews 37 randomly selected people who train in groups, and finds that they run a mean of 47.7 miles per week. Assume that the population standard deviation for group runners is known to be 3.3 miles per week. She also interviews a random sample of 49 people who train on their own and finds that they run a mean of 49.4 miles per week. Assume that the population standard deviation for people who run by themselves is 4.4 miles per week. Test the claim at the 0.10 level of significance. Let group runners training for marathons be Population 1 and let individual runners training for marathons be Population 2. Step 2 of 3 : Compute the value of the test statistic. Round your answer to two decimal places.
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Fran is training for her first marathon, and she wants to know if there is a significant difference between the mean number of miles run each week by group runners and individual runners who are training for marathons. She interviews 42 randomly selected people who train in groups and finds that they run a mean of 47.1 miles per week. Assume that the population standard deviation for group runners is known to be 4.4 miles per week. She also interviews a random sample of 47 people who train on their own and finds that they run a mean of 48.5 miles per week. Assume that the population standard deviation for people who run by themselves is 1.8 miles per week. Test the claim at the 0.01 level of significance. Let group runners training for marathons be Population 1 and let individual runners training for marathons be Population 2. Step 2 of 3 : Compute the value of the test statistic. Round your answer to two decimal places.
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(i) Claim size, X, has mean u and variance 500. (ii) The random variable u has a mean of 1000 and variance of 50. (iii) The following three claims were observed: 750, 1075, 2000 Calculate the expected size of the next claim using Bühlmann credibility. (A) 1025 (B) 1063 (C) 1115 (D) 1181 (E) 1266