Calculate the mle estimate for mean, Applied Statistics

Assignment Help:

Each section of the SAT test is supposed to be distributed normally with a mean of 500 and a standard deviation of 100. Suppose 5 students in a class took the SAT math test. They received the following scores: 400, 450, 575, 600, and 625.

(a) Assuming a normal distribution, write out the likelihood function for estimating the mean μ and standard deviation σ of the average class score.

(b) Calculate the MLE estimate for μ and the standard deviation (σ) for this class.

(c) What is the value of the log-likelihood function at this estimate?

(d) What is the least-squares estimate for μ and σ in your data? Are there any differences? Why or why not?

(e) Using a likelihood-ratio test, test whether the MLE estimates from the class are significantly different from the national mean of 500 and national standard deviation of 100.

(Hint: Start by plugging those values into your log-likelihood function. Remember you are testing two restrictions).


Related Discussions:- Calculate the mle estimate for mean

Calculate the one year interest rate, A.The coupon rate of Erie-Chicago Rai...

A.The coupon rate of Erie-Chicago Rail is 7%. The interest rate of Florida municipal bond with equal risk is 6%.  At what tax rate the two bonds are as good as each other B.Supp

Mode for grouped data, Grouped Data For calculating mode from a...

Grouped Data For calculating mode from a frequency distribution, the following formula   Mode = L mo +  x W where,

Sampling, Sampling A  Population  is a collection of all the data point...

Sampling A  Population  is a collection of all the data points being studied. For example, if we are studying the annual incomes of all the people in India, then the population

Mathematical properties of arithmetic mean, Mathematical Properties ...

Mathematical Properties The sum of deviations of the items from the arithmetic mean (taking signs into account) is always zero, i.e.      = 0. The sum of

Perform a one-way anova, The Tastee Bakery Company supplies a bakery produc...

The Tastee Bakery Company supplies a bakery product to many supermarkets in a metropolitan area. The company wishes to study the effect of shelf display height employed by the supe

What are the charateristics of a population for which, what are characteris...

what are characteristics of a population for which it would be appropiate to use mean/median/mode

Estimation error on apparent arbitrage, This question explores the effect o...

This question explores the effect of estimation error on apparent arbitrage opportunities in a controlled simulation setting. We simulate returns for N = 10 assets over T = 30 year

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

Large sample test for proportion, Large Sample Test for Proportion A ra...

Large Sample Test for Proportion A random sample of size n (n > 30) has a sample proportion p of members possessing a certain attribute (success). To test the hypothesis that t

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