Reference no: EM13974937
1. Describe how you would test one-sided and two sided hypotheses, using both finite sample and asymp totically valid testing procedures, in each of the follow ing cases. Use whatever procedures you feel are appro priate.
a. Testing hypotheses about the mean of a binomial distribution based on a random sample of size 1 from the binomial distribution.
b. Testing hypotheses about the mean of a Poisson dis tribution based on a random sample of size nfrom a Poisson population distribution.
2. The weekly proportion of storage tank capacity that is utilized at a regional hazardous liquid waste receiv ing site is an outcome of a Beta(8, 1) random variable. At the end of each week the storage tank is emptied. A random sample of a year's worth of observations of capacity utilization at the site produced the following in sequence rowwise:
|
0.148
|
0.501
|
0.394
|
0.257
|
|
0.759
|
0.763
|
0.092
|
0.155
|
|
0.409
|
0.257
|
0.586
|
0.919
|
|
0.278
|
0.076
|
0.019
|
0.513
|
|
0.123
|
0.390
|
0.030
|
0.082
|
|
0.935
|
0.607
|
0.075
|
0.729
|
|
0.664
|
0.802
|
0.338
|
0.539
|
|
0.055
|
0.984
|
0.269
|
0.069
|
|
0.679
|
0.382
|
0.549
|
0.028
|
|
0.770
|
0.296
|
0.105
|
0.465
|
|
0.194
|
0.675
|
0.696
|
0.068
|
|
0.091
|
0.132
|
0.156
|
0.050
|
|
0.477
|
0.754
|
0.164
|
0.527
|
a. Define a GLR size a test of Ho : e = 80 versus Ha : 8 =/: 80.
b. Test the hypothesis that the expected weekly stor age tank capacity utilized is equal to .5 at a sig nificance level of .05. If the exact distribution of the GLR test appears to be intractable, then use an asymptotic test.
c. Test that the observations might be interpreted as a random sample from some population distribution. Use a size .OS runs test.
d. Test that the observations can be interpreted as a random sample from a Beta(8, 1) population distri bution. Use a size .OS test.
e. Would the use of an LM test be tractable here? If so, perform an LM test of the hypothesis.
|
The political business cycle implies
: The political business cycle implies all of the following EXCEPT that:
|
|
List any economic reactions might you expect in the examples
: Explain the following statement: Any deviation from planned output or planned expenditures (Consumption + Investment) will throw the economy into disequilibrium.
|
|
Way that healthcare is delivered to an aging population
: How have public and private healthcare reimbursement sources, such as Medicare and Medicaid, and the changes to healthcare insurance accessibility from the Patient Protection and Affordable Care Act, influenced the way that healthcare is delivered..
|
|
Islamic revolution resemble other waves of revolution
: How does "Islamic revolution" resemble other waves of revolution (Communist peasant rebellions in the 20th century, national revolutions in Europe in the 19th century, democratic revolutions in the 18th and 19th century)? How does it not? What accoun..
|
|
Regional hazardous liquid waste
: The weekly proportion of storage tank capacity that is utilized at a regional hazardous liquid waste receiv ing site is an outcome of a Beta(8, 1) random variable. At the end of each week the storage tank is emptied. A random sample of a year..
|
|
What is his basis in the office building
: In a "like-kind" exchange of an investment asset for a similar asset that will also be held as an investment, no taxable gain or loss will be recognized on the transaction if both assets consist of:
|
|
Monetarists argue
: Monetarists argue that:
|
|
About actual rate of unemployment relative to natural rate
: What does a contractionary gap imply about the actual rate of unemployment relative to the natural rate? What does it imply about the actual price level relative to the expected price level? What must happen to real and nominal wages in order to clos..
|
|
Patient protection and affordable care act
: The Patient Protection and Affordable Care Act and related legislation requires employers with 50 or more full-time employees (or a combination of full-time and part-time employees that is equivalent to 50 full-time employees) to offer adequate he..
|