1. You have a regional country-year dataset over 10 years of 150 total observations, within this data you have 25 observations where the ruling party has lost power.

(a) Assuming a binomial distribution, what is the likelihood function for Π, the probability that a country's ruling party loses power over ten years?

(b) Calculate the MLE of Π

(c) Calculate the standard error and the 95% confidence interval for this estimate. How did you know what test/sampling distribution to use?

(d) What is the value of the log-likelihood for this estimate?

(e) Say that for another region the estimated probability of a ruling party losing power over a ten-year span is 25%, using your region's data, what is the value of the log-likelihood function for a .25 value of Π?

(f) Using a Wald test, test whether your region's rate of over turning power is significantly different from the other region's.

 

Posted Date: 3/30/2013 6:12:54 AM | Location : United States

Ask an Expert

Related Discussions:- Calculate the standard error and confidence interval, Assignment Help, Ask Question on Calculate the standard error and confidence interval, Get Answer, Expert's Help, Calculate the standard error and confidence interval Discussions

Write discussion on Calculate the standard error and confidence interval
Your posts are moderated

Write your message here..

Related Questions

Introduction of management accounting, Introduction of Management Accountin... Introduction of Management Accounting Management accounting or managing sales is worried with the conditions and use of sales details to professionals within companies, to off

Fluid mechanics, Find the kinematic and dynamic viscosities of air at a tem... Find the kinematic and dynamic viscosities of air at a temperature of 189°F and a pressure of 29 psia using Sutherland''s equation and the ideal gas law .

Red candy, Test the claim that 10% of a candy makers candies are red. Use a... Test the claim that 10% of a candy makers candies are red. Use a 0.05 significance and the table to answer the following questions: Find the proportion of the candies that are red?

Cost accounting, difference between financial statement and annual report .... difference between financial statement and annual report .

Calculate the total pv of the tax shield, Nortel is considering the purchas... Nortel is considering the purchase of a new call routing system. The system will cost $50M to purchase, an additional $7M to install, and will last for 30 years. The CCA rate assoc

Study of regression, usefulness of study of regression usefulness of study of regression

Correlation and regression, What is regression analysis ? Discuss the relat... What is regression analysis ? Discuss the relation between ''correlation coefficient'' and the ''regression coefficients''?

Diagrammatic and graphic presentation, distinguish between historigram and ... distinguish between historigram and histogram

Demographic characteristics , Data   If you look at the Variable vie... Data   If you look at the Variable view (at top of screen - select View and select variables), you will see the names of variables and information about each one.  The lab

Sampling survey ., List all possible simple random samples of size n = 2 th... List all possible simple random samples of size n = 2 that can be selected from the population {0, 1, 2, 3, 4}. Calculate 2 s for the population and Var y( ) for the sample.