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1. What are the advantages of a sufficient statistic? Can you think of a possible disadvantage of sufficiency?
2. Why is consistency an important property?
the average prices for a product in 12 stores in a city are shown below.2.99 2.15 3.25 3.55 3.00 2.99 2.66 3.50 3.20
I am charged with sampling expense report submissions for accuracy. We get 8000 T&E claims, and want to sample a subset making inferences about the population. I can probably get a good estimate of the populations' SD, how would i calculate required ..
The drug is used on ten subjects and found to be successful in four out of the ten patients. What density should we now assign to the probability p? What is the probability that the drug will be successful the next time it is used?
The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20. Assume the stock prices are normally distributed.
Also, the sample data appear to have a bell-shaped distribution. Construct the 95% confidence interval for the mean time spent on paperwork by all managers.
suppose that x and y have a joint probability density function pdffx y kx 2y for 0 lt x lt 1 and 0 lt y lt 10
Do these results suggest that the different therapies have different effects on mental health? (Use the .05 level.) a. Use the five steps of hypothesis testing.
In order to solve differential equations, it is helpful to classify them as belonging to one or more categories. In this entry we will consider three common classes of first order ordinary differential equations (ODEs): separable, exact and linear..
there is 20 chance that a customer of one vehicle insurance company will file accident claims within the insurance
What is the probability that a cereal would both high calorie and high fiber? In other words, what is P (high calorie and high fiber)?
messages arrive to a computer server according to a poisson distribution with a mean rate of 10 per hour. determine the
assume that there are nine parking spaces next to one another in a parking lot. nine cards need to be parked by an
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