Use the weibull distribution for the following analyses

Assignment Help Accounting Basics
Reference no: EM131056384

Appliance cord. Use the Weibull distribution for the following analyses of the appliance cord data in Table 2. 1.

(a) Make separate Weibull plots of the data from the three tests and compare them visually for equality of the distributions. Are the distributions the same? Does the Weibull distribution fit adequately?

(b) Pool the data from the two tests on cord type B6 and make a Weibull plot. How does this plot compare with that for B7 cord?

(c) For each test, calculate the BLUES for the corresponding extreme value parameters and give the variance and covariance factors.

(d) Calculate two-sided approximate 95% confidence limits for the ratio of the Weibull shape parameters for tests 1 and 2. Are the data consistent with the assumption that the two true shape parameters are equal?

(e) Calculate a pooled estimate of the common extreme value scale parameter for cord type B6, and calculate its variance factor.

(f) Calculate two-sided approximate 95% confidence limits for the ratio of the shape parameters for cords B6 and B7. Are the data consistent with the assumption that the true shape parameters of the two types of cords are equal?

(g) Calculate two-sided approximate 95% confidence limits for the difference between the extreme value location parameters for tests 1 and 2, using the pooled estimate of the extreme value scale parameter from

(e). Give the interval for the corresponding Weibull scale parameters. Are the data consistent with the assumption that tests 1 and 2 have equal Weibull scale parameters?

(h) Repeat (8) for cords B6 and B7, using the pooled estimate of the common extreme value scale parameter for all three tests.

(i) Perform the test of homogeneity for the three extreme value scale parameters and state conclusions.

(j) Do (i) for the three extreme value location parameters.

(k) Calculate simultaneous (approximate) 90% confidence limits for all ratios of pairs of the three Weibull shape parameters, and state conclusions.

(l) Do (k) for all ratios of pairs of the three Weibull scale parameters.

(m) Explain why the analyses using the normal and Weibull distributions yield the same conclusions.

Reference no: EM131056384

Questions Cloud

Question regarding the modeling money : Discuss the significance and meaning of quantitative easing in the context of the liquidity preference model (increase in the quantity of money supplied). Provide specific examples to support your response.
Why might this behavior be useful : Why might this behavior be useful?
How has the paradigm shifted from punishment to guidance : How has the paradigm shifted from punishment to guidance? Where does discipline fit in? Do you see evidence of the past and current best practice in your preparation of the classroom environment?
Summarizing the content of the simulation : Complete one of the following options: Complete the Supply and Demand Simulation. Write a 1,050- to 1,400-word paper summarizing the content of the simulation and address the following:
Use the weibull distribution for the following analyses : (a) Make separate Weibull plots of the data from the three tests and compare them visually for equality of the distributions. Are the distributions the same? Does the Weibull distribution fit adequately?
Discuss whether kit is a resident of australia : Discuss whether Kit is a resident of Australia and how his salary and investment income would be taxed. Used these points for this About tax what to be apply
Find angry voters demonstrating against you : What is the answer for "You are mayor of your hometown, and one day you arrive at city hall to find angry voters demonstrating against you.
Display the values of the si_fd and si_code fields : display the values of the si_fd and si_code fields of this structure.
Discuss the different accrediting agencies : List and describe 3 common themes you detected throughout the history of long term care in our country. Why do you think these themes prevailed, and why would it be important for us to keep these in mind as we move forward in the long term care in..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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