Compare the t interval with the bootstrap interval, Applied Statistics

Assignment Help:

Jocko's Garage has been accused of insurance fraud. Data on estimates made by Jocko and another garage were obtained for 10 damaged vehicles (available in 'jockogarage.txt'). Here is what the investigators found

Car          1             2           3           4          5
Jocko's     1375     1550     1250        1300     900
Other       1250     1300     1250        1200     950
Car           6            7          8             9        10
Jocko's     1500     1750     3600       2250     2800
Other       1575     1600     3300       2125     2600

(a). Compute the mean estimate for Jocko and the mean estimate for the other garage. Report the di erence in the means and the 95% con dence interval used on the t procedure. Be sure to choose the appropriate t procedure for your analysis and explain why you made this choice.

(b). Use a non-parametric tool discussed in this course to test if the average estimate from Jocko's is larger than the other garage for 100.
Hint: No! I am sure that the problem is NOT wrong.

(c). Use a bootstrap scheme to nd the con dence interval of the di erence. Be sure to provide details (since I need to replicate your result if necessary) about how you used the bootstrap and explain why it is reasonable briefly.

(d).Compare the t interval with the bootstrap interval


Related Discussions:- Compare the t interval with the bootstrap interval

Calculating 40th percentile in ogive graph, how do i determine the 40th per...

how do i determine the 40th percentile in an ogive graph

A new weight-watching company, A new weight-watching company, Weight Reduce...

A new weight-watching company, Weight Reducers International, advertises that those who join will lose, on the average, 10 pounds the first two weeks with a standard deviation of 2

Simple linear regression, We are interested in assessing the effects of tem...

We are interested in assessing the effects of temperature (low, medium, and high) and technical configuration on the amount of waste output for a manufacturing plant. Suppose that

Types of sampling, Given a certain population there are various ways in whi...

Given a certain population there are various ways in which a sample may be drawn from it. The chart below illustrates this point: Figure 1 In  Judgem

Find a nash equilibrium, 2 bidders have identical valuations of an object f...

2 bidders have identical valuations of an object for sale. The value of the object is either 0; 50 or 100, with equal probabilities. The object is allocated to one of the bidders i

O-give curves, real time applications on graphical representation of o-give...

real time applications on graphical representation of o-give curves

MEASURING TREND, DISCUSS THE METHODS OF MEASURING TREND

DISCUSS THE METHODS OF MEASURING TREND

Atmospheric circulation and precipitation, (a) Elevation (m)...

(a) Elevation (m) 0 400 800 1200 1600 2000 2400 2800 3200 4000 480

Statistics assignment, To compare three brands of computer keyboards, four ...

To compare three brands of computer keyboards, four data entry specialists were randomly selected. Each specialist used all three keyboards to enter the same kind of text material

Cluster sampling, Cluster Sampling This method is also known as multi s...

Cluster Sampling This method is also known as multi stage sampling .Under this method random selection is made of the ultimate or final units from a given stratum. The sampling

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