Calculate the mean value and variance, Basic Statistics

Assignment Help:

1. Generate 1000 samples for each of the following discrete random variables:

(a). Binomial distribution with n=40, p=0.7, and distr. with n=50, p=0.5

(b). Geometric distribution with p=0.5 and distr. with p=0.3

(c). Poisson distribution with λ= 6 and λ= 4.5

For each class of the above distribution, plot probability mass function for each set parameters on one figure (you should have two curves on each figure and have three figures overall). In addition, you should also plot the corresponding analytical results (probability mass function curve based on distribution formulas) on the same figure. In this way, you can verify whether your simulated random variables match with analytical results. That means on each figure, there are four curves (two simulations, two analytical). Use "legend" to denote each curve, and use different line style and color for each curve (see help on plot()). You should show the X-axis with reasonable range such that the curves can be clearly seen (check wikipiedia's figures for these distributions).

In addition, calculate the mean value and variance of generated samples for each distribution (sample mean and sample variance). Compare the results with the analytical results.


Related Discussions:- Calculate the mean value and variance

Cost of accounting, what are different method of classifying overhead? indi...

what are different method of classifying overhead? indicate the advantag

Differences between a cash book and bank passbook, State the main reason be...

State the main reason because of which the differences between a Cash Book and Bank Passbook. Ans. The difference can be stated as follows a) Sometime cheque issued to party on t

AMOUNT AVAILABLE IN DEBT SERVICE FUNDS , AMOUNT AVAILABLE IN DEBT SERVICE ...

AMOUNT AVAILABLE IN DEBT SERVICE FUNDS An "other debit" common journal value used in the General Long-Term Bills Additional Consideration that designates the quality of resources

Correlation, difference between positive and negative correlaiton

difference between positive and negative correlaiton

Calculate the maximum hourly rate, Question: Sharp Discounts Who...

Question: Sharp Discounts Wholesale Club has two service desks with one server at each desk.  There is one desk at each entrance of the store.  Customers arrive at each

Accounts receivable solutions, Volumes due from personal individuals or com...

Volumes due from personal individuals or companies for products, and/or solutions equipped by the condition. Records Receivable does not involve amounts due from other companies, r

Capital outlays, Capital outlays A budgetary, financial reporting term to ...

Capital outlays A budgetary, financial reporting term to end out the expenditures for the acquisition of: addition to:, chief repair of capital assets intended to advantage prospe

Determine ytm price formula, YTM can be determined using the price formula...

YTM can be determined using the price formula of a bond. Part a The present value (price) formula for a zero coupon bond is: PV = F/(1+i) n Plugging in the given inf

Icmap, 03 (a) Explain the term capital rationing and suggest the criteria t...

03 (a) Explain the term capital rationing and suggest the criteria to be used in ranking projects under capital rationing. (05) (b) There are three projects X Y and Z having follow

Functions of statistics .., Mention four characteristics and functions of s...

Mention four characteristics and functions of statistics

Write Your Message!

Captcha
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