Jocko's Garage has been accused of insurance fraud. Data on estimates made by Jocko and another garage were obtained for 10 damaged vehicles (available in 'jockogarage.txt'). Here is what the investigators found

Car          1             2           3           4          5
Jocko's     1375     1550     1250        1300     900
Other       1250     1300     1250        1200     950
Car           6            7          8             9        10
Jocko's     1500     1750     3600       2250     2800
Other       1575     1600     3300       2125     2600

(a). Compute the mean estimate for Jocko and the mean estimate for the other garage. Report the dierence in the means and the 95% condence interval used on the t procedure. Be sure to choose the appropriate t procedure for your analysis and explain why you made this choice.

(b). Use a non-parametric tool discussed in this course to test if the average estimate from Jocko's is larger than the other garage for 100.
Hint: No! I am sure that the problem is NOT wrong.

(c). Use a bootstrap scheme to nd the condence interval of the dierence. Be sure to provide details (since I need to replicate your result if necessary) about how you used the bootstrap and explain why it is reasonable briefly.

(d).Compare the t interval with the bootstrap interval

Posted Date: 3/14/2013 2:25:55 AM | Location : United States

Ask an Expert

Related Discussions:- Compare the t interval with the bootstrap interval, Assignment Help, Ask Question on Compare the t interval with the bootstrap interval, Get Answer, Expert's Help, Compare the t interval with the bootstrap interval Discussions

Write discussion on Compare the t interval with the bootstrap interval
Your posts are moderated

Write your message here..

Related Questions

Stat, solve problems solve problems

Probability, 2.1 Modern hotels and certain establishments make use of an el... 2.1 Modern hotels and certain establishments make use of an electronic door lock system. To open a door an electronic card is inserted into a slot. A green light indicates that the

Express the null hypothesis, Examine the given statement, then express the ... Examine the given statement, then express the null hypothesis H0 and the alternative hypothesis H1 in symbolic form. The mean weight of women who won a beauty pageant is equal t

Quantitative techniques, use of quantitative techniques in public sector use of quantitative techniques in public sector

Uncertain demand, Consider a Cournot duopoly with two firms (firm 1 and f... Consider a Cournot duopoly with two firms (firm 1 and firm 2) operating in a market with linear inverse Demand P(Q) = x Q where Q is the sum of the quantities produced by both

ERROR IN VARIABLESS, #question HOW TO TEST #question HOW TO TEST

Effect in frequency domain, A) The three images shown below were blurred us... A) The three images shown below were blurred using square masks of sizes n=23, 25, and 45, respectively. The vertical bars on the le_ lower part of (a) and (c) are blurred, but a c

Statistics, just wondering what would be the cost to complete a stats assig... just wondering what would be the cost to complete a stats assignment

Principal components analysis, In the context of multivariate data analysis... In the context of multivariate data analysis, one might be faced with a large number of v&iables that are correlated with each other, eventually acting as proxy of each other. This

Classical and modern regression, The data in the data frame asset are from ... The data in the data frame asset are from Myers (1990), \Classical and Modern Regression with Applications (Second Edition)," Duxbury. The response y here is rm return on assets f