Q 8. You fit a Pareto distribution to a sample of 200 claim amounts and use the likelihood ratiotest to test the hypothesis that a = 1.5 and 0 = 7.8. You are given:(i) The maximum likelihood estimates are â = 1.4 and @= 7.6.(ii) The natural logarithm of the likelihood function evaluated at the maximum likelihoodestimates is -817.92.(iii) ln (x + 7.8) = 607.64.Determine the result of the test.

Given: Sample size n=200 α=1.5 and θ=7.8 The maximum likelihood estimates are α^=1.4 and θ^=7.6. The…

Answered: Q 8. You fit a Pareto distribution to a…

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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