What do the weights in column d look like

Assignment Help Microeconomics
Reference no: EM13882300

1. The Odd estimator of the population average gives each odd-numbered obser- vation a weight of 2/n. Apply this estimator in the UnivariateSample sheet. What do the weights in column D look like?

2. Use the Monte Carlo simulation add-in to analyze the sampling distribution of the Odd estimator. Is it biased? What part of the Monte Carlo results did you use to answer this question?

3. Would you prefer the Odd estimator or the Sample Average estimator? Explain your choice.

4. Explore the consequences of changing the error distribution from normal to uniform in the UnivariateSample sheet. (Section 14.6 compares the normal and uniform distributions.) Replace the normalrandom formula in column B with the uniform function. What effect does this have on the sampling distribution of the Sample Average? In your answer, comment on the expected value, SE, and shape of the sampling distribution.

5. From the UnivariateSample sheet, use Excel's MEDIAN function to compute the sample median of the observed Y values. Use the Monte Carlo simulation add-in to race the Median against the Sample Average. Who wins? Why?

Reference no: EM13882300

Questions Cloud

Why did the u s banking system develop so differently : The U. S. system of banking historically led to many more banks that were smaller in size and operated with few branches. Why did the U. S. banking system develop so differently from that of other countries? What factors have brought about a change i..
Is the organization''s strategy producing satisfactory result : Is the organization's strategy producing satisfactory results?
Analyze the role this director took during the emergency : Select one (1) FEMA director whom you believe performed admirably during a major U.S. emergency or crisis. Next, analyze the role this director took during the emergency or crisis. Provide a rationale for your response
Explain multiple aspects of the managerial planning process : Explain the multiple aspects of the managerial planning process
What do the weights in column d look like : The Odd estimator of the population average gives each odd-numbered obser- vation a weight of 2/n. Apply this estimator in the UnivariateSample sheet. What do the weights in column D look like?
Evaluate the profitability of entering the market : Evaluate the profitability of entering the market
Is this weird estimator linear : Is this Weird estimator linear? Why or why not? Is it unbiased? A simple example that supposes there are only two possible, equally likely values for Yi will suffice to answer the question about bias.
Analyze a complex value creation system using management : Analyze a complex value creation system using management concepts
Find the se of the difference of the sample averages : The difference between the average wage of the Experienced workers and the average wage of the Inexperienced workers is $3.10 per hour. Why can we not conclude that experience raises a person's wage based on this fact?

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine mean median the range and standard deviation of

consider the following sample measurements 5 11 -1 8 2 7 5 1 -10 -6 4 121. determine the mean the median the range and

  Tradeoff between moral hazard and systemic risk

Based on what we watched on the last day of class, please write a one page that summarizes the primary causes of the 2007-2009 financial crisis?

  So-called too-big-to-fail policy has two conflicting sides

The so-called too-big-to-fail policy has two conflicting sides: on one hand there's the moral hazard problem that it creates, but in the other hand the Fed must:

  Vipsana gyros house sells gyros

Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a fixed cost of $120 per day. Calculate Vipsana's Variable cost per day when ..

  Demand or supply of gasoline

The demand for energy in the United States is often stated as persistently non-cyclical and not sensitive to both prices effects. Given such characteristics, explain the effect of each of the following on the demand or supply for gasoline.

  What is the sellers expected revenue from the auction

A seller knows that there are two bidders for the object she is selling. She believes that with probability 1/2, one has a buyer value of £5 and the other has a buyer value of £10 and, with probability 1/2, one has a buyer value of £8 and the other h..

  Evaluate the pattern of potentially anti-competitive

Critically evaluate the pattern of potentially anti-competitive activities by Microsoft towards its competitors. Do you think that the government should always try to eliminate monopoly power?

  How many mail delivery vehicles does the usps have

For every penny that the price of gasoline goes up, the U.S Postal (USPS) service experiences a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question

  How would presence of second technology that had higher cost

How would the presence of a second technology that had higher operating costs but lower capacity costs affect peak-load pricing and investment in the capital-intensive technology?

  What is the market long run price

The variable cost function of a competitive firm is given by VC = Q3- 40Q2+ 1600Q Assume the firm's fixed cost is $1,500- If the market price for a unit of Q is $1,400, determine the firm's profit maximizing level of out and its profit.

  For given set of scores calculate the range why is unbiased

for the following set of scores compute the range the unbiased and the biased standard deviations and the variance. do

  How does a firm determine the worth of an employee

Should the principal of "equal pay for equal work" be applied - How does a firm determine the worth of an employee?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd