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

Process costing, discuss the steps in preparing product cost allocation.

discuss the steps in preparing product cost allocation.

Assignment., Introduce the aim of this section of the report including an e...

Introduce the aim of this section of the report including an explanation of the data to be analysed. • Use Excel to produce a box and whisker plot for the two sets of booking data

How would you go about choosing a random sample, Q. Suppose a study is bein...

Q. Suppose a study is being done and the population is the American public. How would you go about choosing a random sample population to phone for a survey? Solution: One w

Quantitative Technic management, How has quantitative analysis changed the ...

How has quantitative analysis changed the current scenario in the management world today?

Absorption overheads, Give a brief discussion of the existing traditional ...

Give a brief discussion of the existing traditional method of absorbing overheads

financial performance using ratios, Write a report to an investor comparin...

Write a report to an investor comparing the performance by using the financial statements between two different companies

Statistics & Business Research Report Proposal: Initial Rese, The initial r...

The initial research proposal will consist of the following SIX (6) items: 1. Identify a business research topic 2. Define the research questions for the identified problem or opp

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