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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 foundCar 1 2 3 4 5Jocko's 1375 1550 1250 1300 900Other 1250 1300 1250 1200 950Car 6 7 8 9 10Jocko's 1500 1750 3600 2250 2800Other 1575 1600 3300 2125 2600(a). Compute the mean estimate for Jocko and the mean estimate for the other garage. Report the dierence in the means and the 95% condence 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 condence interval of the dierence. 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
1 A penny is tossed 5 times. a. Find the chance that the 5th toss is a head b. Find the chance that the 5th toss is a head, given the first 4 are tails.
characteristic of latin square design
Statistical Keys To do statistical operations we must first set the calculator on SD mode [SD stands for "standard deviation" which is the usual st
1. Suppose you are estimating the imports (from both the U.S. mainland and foreign countries) of fuels and petroleum products in Hawaii (the dependent variable). The values of the
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
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You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance. E&T Boats, Inc. builds and sells boats to o
Other Measures of Dispersion In this section, we look at relatively less used measures of dispersion like fractiles, deciles, percentiles, quartiles, interquartile range and f
how to analyzePractice-Based Evidence Back to the Future
Circles or Pie Diagram: Circles or pie diagrams are alternative to squares. These are used for the same purpose i.e. when the values are differing widely in their magnitude
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