Compare the t interval with the bootstrap interval, Applied Statistics

Assignment Help:

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 di erence 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 di erence. 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


Related Discussions:- Compare the t interval with the bootstrap interval

Difference between correlation and regression analysis, Difference between ...

Difference between Correlation and Regression Analysis 1. Degree and Nature  of Relationship: Coefficient of correlation measures   the degree  of covariance  between two vari

Determine the effects of stopping smoking on weight gain, Determine the Eff...

Determine the Effects of Stopping Smoking On Weight Gain As part of a study to determine the effects of stopping smoking on weight gain, nine females were weighed on the day t

Multiple regressions, A sample of 43 houses that were purchased in the Sout...

A sample of 43 houses that were purchased in the Southern California town Monrovia within a month was collected. We are interested in the study of the relationships between Price a

Multivariate analysis, Multivariate analysis involves a set of techniques t...

Multivariate analysis involves a set of techniques to analyse data sets on more than one variable. Many of these techniques are modern and often involve quite sophisticated use of

Types of cost-reimbursable contracts, Types of cost-reimbursable contracts ...

Types of cost-reimbursable contracts are:   Cost Plus Fixed Fee contract (CPPF): Compensation is based on a fixed sum independent of the final project cost. The customer a

Probability, There are 15 types of ice cream: A,B,C,D,E,F,G,H,I,J,K,L,M,N, ...

There are 15 types of ice cream: A,B,C,D,E,F,G,H,I,J,K,L,M,N, and O. How many combinations are there to sample 5 flavors if you sample 1 flavor 4 times? How many combinations are t

Draw a cumulative frequency polygon, The following data give the repair cos...

The following data give the repair costs (in RM) for 30 randomly selected cars from a list of cars involved in collisions. a)  By using RM 1 as the lower limit of the first

LINEAR PROGRAMMING FOR SOLVNG INEQUALITIES, To use Linear Programming for s...

To use Linear Programming for solving the following inequalities. Following Twin Conditions (as mandated by the Indian Regulatory Authority) Twin Condition I for TV Broadcasters

Create the venn diagram, Create the Venn diagram: A   - you work for a...

Create the Venn diagram: A   - you work for an insurance company.  80% of your company's staff is sales force and 70% of your company's sales is force is male. in your company

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