You fit a two parameter pareto distribution to a sample of 100 claims amounts X₁, X2, ..., X100 and use the likelihood ratio test to test the hypothesis. Ho: 0= 9,α = 3 H₁:0 = 9,a # 3 You are given that Eln(9 + x) = 262. Determine the result of the test at 10% of level of significance.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
3.
You fit a two parameter pareto distribution to a sample of 100 claims amounts X₁, X2, ..., X100
and use the likelihood ratio test to test the hypothesis.
Ho: 0 = 9,α = 3
H₁:0 = 9,a # 3
You are given that Eln(9 + x) = 262.
Determine the result of the test at 10% of level of significance.
Transcribed Image Text:You fit a two parameter pareto distribution to a sample of 100 claims amounts X₁, X2, ..., X100 and use the likelihood ratio test to test the hypothesis. Ho: 0 = 9,α = 3 H₁:0 = 9,a # 3 You are given that Eln(9 + x) = 262. Determine the result of the test at 10% of level of significance.
Expert Solution
steps

Step by step

Solved in 4 steps with 27 images

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