You are given: i. A gamma distribution with a = 2 and 0 is fitted to the data. The cumulative distribution function is F(x) =1- -x /0 ii. The parameter 0 is estimated using the method of maximum likelihood. iii. The goodness of fit is to be assessed by a p-p plot. Calculate the sum of the absolute differences between the x and y coordinates of the p-p plot. A 0.16 В 0.19 0.23 0.27 E 0.30

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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You observe the following claim amounts:
11
26 33 37 51
You are given:
i. A gamma distribution with a = 2 and 0 is fitted to the data. The cumulative distribution function is F(x) =1–
-x /0
ii. The parameter 0 is estimated using the method of maximum likelihood.
iii. The goodness of fit is to be assessed by a p-p plot.
Calculate the sum of the absolute differences between the x and y coordinates of the p-p plot.
А
0.16
B
0.19
0.23
D
0.27
E
0.30
Transcribed Image Text:You observe the following claim amounts: 11 26 33 37 51 You are given: i. A gamma distribution with a = 2 and 0 is fitted to the data. The cumulative distribution function is F(x) =1– -x /0 ii. The parameter 0 is estimated using the method of maximum likelihood. iii. The goodness of fit is to be assessed by a p-p plot. Calculate the sum of the absolute differences between the x and y coordinates of the p-p plot. А 0.16 B 0.19 0.23 D 0.27 E 0.30
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