Calculate the standard error and confidence interval, Basic Statistics

Assignment Help:

1. You have a regional country-year dataset over 10 years of 150 total observations, within this data you have 25 observations where the ruling party has lost power.

(a) Assuming a binomial distribution, what is the likelihood function for Π, the probability that a country's ruling party loses power over ten years?

(b) Calculate the MLE of Π

(c) Calculate the standard error and the 95% confidence interval for this estimate. How did you know what test/sampling distribution to use?

(d) What is the value of the log-likelihood for this estimate?

(e) Say that for another region the estimated probability of a ruling party losing power over a ten-year span is 25%, using your region's data, what is the value of the log-likelihood function for a .25 value of Π?

(f) Using a Wald test, test whether your region's rate of over turning power is significantly different from the other region's.

 


Related Discussions:- Calculate the standard error and confidence interval

Closing Stock , How to calculate closing stock in Tally while we are postin...

How to calculate closing stock in Tally while we are posting with inventory.

Question from inventory, CASE STUDY 1 3 MARKS An audit of the...

CASE STUDY 1 3 MARKS An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance

Capital grants, Capital grants Grants that are restricted for the acquisit...

Capital grants Grants that are restricted for the acquisition: structure: renewal of capital assets associated with an accurate program, Refer to GRANTS & OPERATING GRANTS

Treatment of cst and vat, Treatment of CST and VAT in Sales Book A suppl...

Treatment of CST and VAT in Sales Book A supplier who expenses the CST for inter declares purchase by him, is responsible to first deposit the gathered CST from bought to Got Co

Asked in genpact interview, Expenses a/c. Dr. To vendor a/c. Cr. What is a...

Expenses a/c. Dr. To vendor a/c. Cr. What is an impact of this transaction on business

Kripsy kreme, How did round trip transactions violatet the revenue recognit...

How did round trip transactions violatet the revenue recognition principle?

Marginal costing and break-even analysis, Marginal costing and Break-even a...

Marginal costing and Break-even analysis According to C.I.M.A. Manchester, "Marginal Price means the quantity at any given variety of result by which get worse scenario costs ar

Discovery of Neutron, Discovery of Neutron A neutron is a neutral particle...

Discovery of Neutron A neutron is a neutral particle carrying no charge, and having mass equal roughly to the mass of a proton. This particle was discovered experimentally by Chad

IFRS, I am currently doing a report on IRFS and have to identify the the is...

I am currently doing a report on IRFS and have to identify the the issues involved with businesses adopting IRFS

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