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

Probability, There are 15 types of ice cream: A,B,C,D,E,F,G,H,I,J,K,L,M,N, ...

There are 15 types of ice cream: A,B,C,D,E,F,G,H,I,J,K,L,M,N, and O. How many combinations are there to sample 5 flavors if you sample 1 flavor 4 times? How many combinations are t

Applied, Question 1 Suppose that you have 150 observations on production (...

Question 1 Suppose that you have 150 observations on production (yt) and investment (it), and you have estimated the following ADL(3,2) model: (1 – 0.5L – 0.1L2 – 0.05L3)yt = 0.7

Expected utility maximizer, The investor has constant wealth 1 and is o?ere...

The investor has constant wealth 1 and is o?ered to invest in shares of a project that either gains 3=2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha

Multiple correspondence analysis, Correspondence analysis is an exploratory...

Correspondence analysis is an exploratory technique used to analyze simple two-way and multi-way tables containing measures of correspondence between the rows and colulnns of an

Calculate the ratio of the sample standard deviation, The Case Study includ...

The Case Study included information about the price for a full meal before and after the law change (in dollars).  Of interest is whether the differences in price for a full meal b

Cluster analysis, Cluster Analysis could be also represented more formally ...

Cluster Analysis could be also represented more formally as optimization procedure, which tries to minimize the Residual Sum of Squares objective function: where μ(ωk) - is a centr

Rank correlation, Rank Correlation Sometimes the characteristics whose ...

Rank Correlation Sometimes the characteristics whose possible correlation is being investigated, cannot be measured but individuals can only be ranked on the basis of the chara

The incidence of occupational disease , The incidence of occupational disea...

The incidence of occupational disease in an industry is such that the workers have a 20% chance of suffering from it. What is the probability that out of six workers 4 or more will

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