Construct a likelihood ratio test of the hypothesis

Assignment Help Microeconomics
Reference no: EM131029334

A survey of voter sentiment was conducted in four midcity political wards to compare the fraction of voters favoring candidate A. Random samples of 200 voters were polled in each of the four wards, with the results as shown in the accompanying table. The numbers of voters favoring A in the four samples can be regarded as four independent binomial random variables. Construct a likelihood ratio test of the hypothesis that the fractions of voters favoring candidate A are the same in all four wards. Use α = .05.

                                 Ward

Opinion

I

2

3

4

Total

Favor A

76

53

59

48

236

Do not faux A

124

147

141

152

564

Total

200

200

200

200

800

Reference no: EM131029334

Questions Cloud

How the promotional mix is being used : How are the 4 P's of the marketing mix being used to showcase this product? Do you agree with how the promotional mix is being used to introduce this product to the target market
Create a privacy and piracy : Create a "privacy and piracy" fund to help state and local law enforcement fight privacy and intellectual property violations. The rest of the money will go to damages and to pay for the investigation.
Vital aspect to the execution of strategy : What arguments can you provide that supports the value of organizational structure as a vital aspect to the execution of strategy. Please be sure to justify your response.
Outputs of a risk assessment process : What are the key outputs of a risk assessment process? What should be done with these outputs?
Construct a likelihood ratio test of the hypothesis : The numbers of voters favoring A in the four samples can be regarded as four independent binomial random variables. Construct a likelihood ratio test of the hypothesis that the fractions of voters favoring candidate A are the same in all four ward..
Capabilities of these firms give them the potential : Identify three firms you might want to work for. Using the VRIO framework, evaluate the extent to which the resources and capabilities of these firms give them the potential to realize competitive disadvantages, parity, temporary advantages, or susta..
Develop an initial budget for your plan : Develop an initial budget for your plan. Prepare a pie chart showing the dollars/percentages budgeted for each included marketing activity for the first year. Provide justification for your choices
Provider of radio entertainment services : Do a five-forces analysis to assess the strength of competitive pressures that Sirius XM must contend with as a provider of radio entertainment services (principally for vehicle owners)? Which of the five competitive forces is strongest? Weakest?Do a..
Consequences of disruptions : Risk management consists of a series of steps that should be followed to reduce the consequences of disruptions. Briefly discuss these steps.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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