Statistics
4th Edition
ISBN: 9780393929720
Author: David Freedman, Robert Pisani, Roger Purves
Publisher: Norton, W. W. & Company, Inc.
expand_more
expand_more
format_list_bulleted
Question
Chapter 29.4, Problem 2ED
To determine
Identify whether the difference is statistically significant or not.
Explain whether the question makes sense or not.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
1 for all k, and set o
(ii) Let X1, X2,
that P(Xkb) =
x > 0.
Xn be independent random variables with mean 0, suppose
=
and
Var Xk. Then, for
0x) ≤2 exp-tx+121
Στ
k=1
Lemma 1.1 Suppose that g is a non-negative, non-decreasing function such that
E g(X) 0. Then,
E g(|X|)
P(|X|> x) ≤
g(x)
Proof of this Theorem
Theorem 1.2 (i) Suppose that P(|X| ≤ b) = 1 for some b > 0, that E X = 0, and
set Var X = o². Then, for 0 0,
P(X > x) ≤ e−1x+1²²,
P(|X|> x) ≤ 2e−x+1² 0²
Chapter 29 Solutions
Statistics
Ch. 29.1 - Prob. 1EACh. 29.1 - Prob. 2EACh. 29.2 - Prob. 1EBCh. 29.2 - Prob. 2EBCh. 29.2 - Prob. 3EBCh. 29.2 - Prob. 4EBCh. 29.2 - Prob. 5EBCh. 29.2 - Prob. 6EBCh. 29.2 - Prob. 7EBCh. 29.2 - Prob. 8EB
Ch. 29.2 - Prob. 9EBCh. 29.3 - Prob. 1ECCh. 29.3 - Prob. 2ECCh. 29.3 - Prob. 3ECCh. 29.3 - Prob. 4ECCh. 29.3 - Prob. 5ECCh. 29.3 - Prob. 6ECCh. 29.3 - Prob. 7ECCh. 29.3 - Prob. 8ECCh. 29.4 - Prob. 1EDCh. 29.4 - Prob. 2EDCh. 29.4 - Prob. 3EDCh. 29.4 - Prob. 4EDCh. 29.4 - Prob. 5EDCh. 29.4 - Prob. 6EDCh. 29.5 - Prob. 1EECh. 29.5 - Prob. 2EECh. 29.5 - Prob. 3EECh. 29.5 - Prob. 4EECh. 29.7 - Prob. 1RECh. 29.7 - Prob. 2RECh. 29.7 - Prob. 3RECh. 29.7 - Prob. 4RECh. 29.7 - Prob. 5RECh. 29.7 - Prob. 6RECh. 29.7 - Prob. 7RECh. 29.7 - Prob. 8RECh. 29.7 - Prob. 9RECh. 29.7 - Prob. 10RECh. 29.7 - Prob. 11RECh. 29.7 - Prob. 12RECh. 29.8 - Prob. 1SRECh. 29.8 - Prob. 2SRECh. 29.8 - Prob. 3SRECh. 29.8 - Prob. 4SRECh. 29.8 - Prob. 5SRECh. 29.8 - Prob. 6SRECh. 29.8 - Prob. 7SRECh. 29.8 - Prob. 8SRECh. 29.8 - Prob. 9SRECh. 29.8 - Prob. 10SRECh. 29.8 - Prob. 11SRECh. 29.8 - Prob. 12SRECh. 29.8 - Prob. 13SRECh. 29.8 - Prob. 14SRECh. 29.8 - Prob. 15SRECh. 29.8 - Prob. 16SRECh. 29.8 - Prob. 17SRECh. 29.8 - Prob. 18SRECh. 29.8 - Prob. 19SRECh. 29.8 - Prob. 20SRECh. 29.8 - Prob. 21SRECh. 29.8 - Prob. 22SRECh. 29.8 - Prob. 23SRECh. 29.8 - Prob. 24SRECh. 29.8 - Prob. 25SRECh. 29.8 - Prob. 26SRECh. 29.8 - Prob. 27SRECh. 29.8 - Prob. 28SRECh. 29.8 - Prob. 29SRECh. 29.8 - Prob. 30SRECh. 29.8 - Prob. 31SRECh. 29.8 - Prob. 32SRECh. 29.8 - Prob. 33SRECh. 29.8 - Prob. 34SRECh. 29.8 - Prob. 35SRECh. 29.8 - Prob. 36SRECh. 29.8 - Prob. 37SRECh. 29.8 - Prob. 38SRECh. 29.8 - Prob. 39SRECh. 29.8 - Prob. 40SRE
Knowledge Booster
Similar questions
- State and prove the Morton's inequality Theorem 1.1 (Markov's inequality) Suppose that E|X|" 0, and let x > 0. Then, E|X|" P(|X|> x) ≤ x"arrow_forward(iii) If, in addition, X1, X2, ... Xn are identically distributed, then P(S|>x) ≤2 exp{-tx+nt²o}}.arrow_forward5. State space models Consider the model T₁ = Tt−1 + €t S₁ = 0.8S-4+ Nt Y₁ = T₁ + S₁ + V₂ where (+) Y₁,..., Y. ~ WN(0,σ²), nt ~ WN(0,σ2), and (V) ~ WN(0,0). We observe data a. Write the model in the standard (matrix) form of a linear Gaussian state space model. b. Does lim+++∞ Var (St - St|n) exist? If so, what is its value? c. Does lim∞ Var(T₁ — Ît\n) exist? If so, what is its value?arrow_forward
- Let X represent the full height of a certain species of tree. Assume that X has a normal probability distribution with mean 203.8 ft and standard deviation 43.8 ft. You intend to measure a random sample of n = 211trees. The bell curve below represents the distribution of these sample means. The scale on the horizontal axis (each tick mark) is one standard error of the sampling distribution. Complete the indicated boxes, correct to two decimal places. Image attached. I filled in the yellow boxes and am not sure why they are wrong. There are 3 yellow boxes filled in with values 206.82; 209.84; 212.86.arrow_forwardCould you please answer this question using excel.Thanksarrow_forwardQuestions An insurance company's cumulative incurred claims for the last 5 accident years are given in the following table: Development Year Accident Year 0 2018 1 2 3 4 245 267 274 289 292 2019 255 276 288 294 2020 265 283 292 2021 263 278 2022 271 It can be assumed that claims are fully run off after 4 years. The premiums received for each year are: Accident Year Premium 2018 306 2019 312 2020 318 2021 326 2022 330 You do not need to make any allowance for inflation. 1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method. (b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method. 2. Comment on the differences in the reserves produced by the methods in Part 1.arrow_forward
- Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values. Then calculate it again, letting Row 2 represent the x-values and Row 1 the y-values. What effect does switching the variables have on r? Row 1 Row 2 13 149 25 36 41 60 62 78 S 205 122 195 173 133 197 24 Calculate the correlation coefficient r, letting Row 1 represent the x-values and Row 2 the y-values. r=0.164 (Round to three decimal places as needed.) S 24arrow_forwardThe number of initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in millions) are shown in the table. The equation of the regression line is y = 47.109x+18,628.54. Complete parts a and b. 455 679 499 496 378 68 157 58 200 17,942|29,215 43,338 30,221 67,266 67,461 22,066 11,190 30,707| 27,569 Issues, x Proceeds, 421 y (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.)arrow_forwardQuestions An insurance company's cumulative incurred claims for the last 5 accident years are given in the following table: Development Year Accident Year 0 2018 1 2 3 4 245 267 274 289 292 2019 255 276 288 294 2020 265 283 292 2021 263 278 2022 271 It can be assumed that claims are fully run off after 4 years. The premiums received for each year are: Accident Year Premium 2018 306 2019 312 2020 318 2021 326 2022 330 You do not need to make any allowance for inflation. 1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method. (b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method. 2. Comment on the differences in the reserves produced by the methods in Part 1.arrow_forward
- Use the accompanying Grade Point Averages data to find 80%,85%, and 99%confidence intervals for the mean GPA. view the Grade Point Averages data. Gender College GPAFemale Arts and Sciences 3.21Male Engineering 3.87Female Health Science 3.85Male Engineering 3.20Female Nursing 3.40Male Engineering 3.01Female Nursing 3.48Female Nursing 3.26Female Arts and Sciences 3.50Male Engineering 3.00Female Arts and Sciences 3.13Female Nursing 3.34Female Nursing 3.67Female Education 3.45Female Engineering 3.17Female Health Science 3.28Female Nursing 3.25Male Engineering 3.72Female Arts and Sciences 2.68Female Nursing 3.40Female Health Science 3.76Female Arts and Sciences 3.72Female Education 3.44Female Arts and Sciences 3.61Female Education 3.29Female Nursing 3.20Female Education 3.80Female Business 3.26Male…arrow_forwardBusiness Discussarrow_forwardCould you please answer this question using excel. For 1a) I got 84.75 and for part 1b) I got 85.33 and was wondering if you could check if my answers were correct. Thanksarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons Inc
Probability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage Learning
Statistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSON
The Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. Freeman
Introduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
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
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
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
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman