Homework Help is Here – Start Your Trial Now!
Math
Statistics
xercise 2.4. A private organization PQR was interested in estimating the average amount of eal estate farm loans (in $000) during 1997in the United States. The organization collected nformation from 15 states, the real estate (y) and non-real estate (x) farm loans, included in an RSWOR sample taken from a list of 50 states and observed the following results: n Σ xi =1 n = 18867.089, ΣΥ i=1 n n = 12525.246, 2x=48780336.98, y= = 18001501.38 and x,y, = 2659171056. i=1 i=1 i=1 The average amount of non-real estate farm loans is $878.16 (in $000) for the year 1997 is known. (a)Obtain a ratio estimate for the average amount of the real estate farm loans (in $000) during 1997. Develop an estimator of the mean squared error of the ratio estimator and hence deduce the 95% confidence interval. 2

xercise 2.4. A private organization PQR was interested in estimating the average amount of eal estate farm loans (in $000) during 1997in the United States. The organization collected nformation from 15 states, the real estate (y) and non-real estate (x) farm loans, included in an RSWOR sample taken from a list of 50 states and observed the following results: n Σ xi =1 n = 18867.089, ΣΥ i=1 n n = 12525.246, 2x=48780336.98, y= = 18001501.38 and x,y, = 2659171056. i=1 i=1 i=1 The average amount of non-real estate farm loans is $878.16 (in $000) for the year 1997 is known. (a)Obtain a ratio estimate for the average amount of the real estate farm loans (in $000) during 1997. Develop an estimator of the mean squared error of the ratio estimator and hence deduce the 95% confidence interval. 2

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
100%
Q2.4 Please provide justified answer asap for all parts
HR PHR(1) Exercise 2.4. A private organization PQR was interested in estimating the average amount of real estate farm loans (in $000) during 1997in the United States. The organization collected information from 15 states, the real estate (y) and non-real estate (x) farm loans, included in an SRSWOR sample taken from a list of 50 states and observed the following results: n n n n n Σ xi = 18867.089, £ y₁ = 12525.246, x² = 48780336.98, y = 18001501.38 and Exy, = 26591710.56. i=1 i=1 i=1 i=1 i=1 The average amount of non-real estate farm loans is $878.16 (in $000) for the year 1997 is known. (a)Obtain a ratio estimate for the average amount of the real estate farm loans (in $000) during 1997. Develop an estimator of the mean squared error of the ratio estimator and hence deduce the 95% confidence interval. 2
Transcribed Image Text:HR PHR(1) Exercise 2.4. A private organization PQR was interested in estimating the average amount of real estate farm loans (in $000) during 1997in the United States. The organization collected information from 15 states, the real estate (y) and non-real estate (x) farm loans, included in an SRSWOR sample taken from a list of 50 states and observed the following results: n n n n n Σ xi = 18867.089, £ y₁ = 12525.246, x² = 48780336.98, y = 18001501.38 and Exy, = 26591710.56. i=1 i=1 i=1 i=1 i=1 The average amount of non-real estate farm loans is $878.16 (in $000) for the year 1997 is known. (a)Obtain a ratio estimate for the average amount of the real estate farm loans (in $000) during 1997. Develop an estimator of the mean squared error of the ratio estimator and hence deduce the 95% confidence interval. 2
(b) Obtain a regression estimate for the average amount of the real estate farm loans ( during 1997. Develop an estimator of the mean squared error of the regression estim hence deduce the 95% confidence interval. (c) Comment on the interval estimates. with their weekly incor
Transcribed Image Text:(b) Obtain a regression estimate for the average amount of the real estate farm loans ( during 1997. Develop an estimator of the mean squared error of the regression estim hence deduce the 95% confidence interval. (c) Comment on the interval estimates. with their weekly incor
Expert Solution
steps

Step by step

Solved in 6 steps with 15 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS