Example 17.12. If T1 and T2 are two unbiased estimators of y(0), having the same variance and p is the correlation between them, then show that p 2 2e – 1, where e is the efficiency of each estimator.
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- 2. Suppose that in Example 2.27, 400 units of food A, 500 units of B, and 600 units of C are placed in the test tube each day and the data on daily food consumption by the bacteria (in units per day) are as shown in Table 2.7. How many bacteria of each strain can coexist in the test tube and consume all of the food? Table 2.7 Bacteria Strain I Bacteria Strain II Bacteria Strain III Food A 1 2 0 Food B 2 1 3 Food C 1 1 1Question 4a. A large accountancy firm finds that over the long run 10% of its statements for clients are in error in some way. A quality assurance officer at the firm investigating the source of the errors takes a sample of 20 statements produced by a single employee and classifies each as being “in error” or “not in error”.i. If the variable X is used to represent the number of statements in the sample that are in error, and assuming the error rate is the firm’s level of 10% then state:• the type of distribution this variable has; and• the parameter/s of this distribution. ii. Determine the probability that 2 or less returns in this sample are in error. The quality assurance officer found that there were 5 statements in the sample that were in error.iii. Determine the probability of finding 5 or more returns in error if indeed the error rate was 10%. iv. Based upon your answer for part iii., what conclusion might the quality assurance office make about this employee in terms of the…Given two estimators X1 and X2 for a population mean, E[X1] = 6, V[X1] = 4, and V[X2] = 5. If the true value of the population mean is 5, which of the following is(are) TRUE? A. X1 is an unbiased estimator.B. X2 is less precise than X1.
- ch 11. 4 Oxnard Petro, Ltd., has three interdisciplinary project development teams that function on an ongoing basis. Team members rotate from time to time. Every 4 months (three times a year) each department head rates the performance of each project team (using a 0 to 100 scale, where 100 is the best rating). Are the main effects significant? Is there an interaction?Which one is correct? Consider the Cobb- Douglas production function, Q = aK^bL^c ; b and ca) Can be estimated using OLS on the equation Q = a +bK+cL b) Can be calculated from the covariances of K and L with Qc) cannot be estimated using OLS d) can be estimated using OLS on the equation log(Q) =log(a) +b log(K) +b log(L)Consider the information below relating to the monthly rates of return for two companies X and Y over a period of 4 months: Y 2 xRate of return yRate of Return Date Month 1 -4.76 -4.75 Month 2 5.34 7.65 Month 3 12.09 6.98 Month 4 -2.98 9.65 Calculate the covariance per month between the two companies. Show all your working.
- Question 12. Directors of a company claim that 90% of the workforce supports a new shift pattern that they have suggested. A random survey of 100 people in the workforce finds 85 in favour of the new scheme. Test if there is a significant difference between the survey results and the director's claim. 12.1 What kind of test will you perform? (a) 1 sample z-test (b) 1 sample t-test (c) 1 sample proportion t-test (d) 2 sample t-test 12.2 State the Alternative Hypothesis (a) H1: mu < 0.9 (b) H1: mu > 0.9 (c) H1: mu 0.9 (d) H1: mu 0.9Marine biologists have noticed that the color of the outermost growth band on a clam tends to be related to the time of year in which the clam dies. A biologist conducted a small investigation of whether this is true for the species Protothaca staminea. She collected a sample of 50 clam shells in February and 27 clam shells in March. 15 of the shells from February had a dark color on the outermost growth band, whereas 8 of the shells from March had a dark color on the outermost growth band. Carry out a hypothesis test to see if there is a difference in the proportion of shells with a dark outermost growth band between the two months. The point estimate for the true difference in proportion of dark growth bands between February and March is:Marine biologists have noticed that the color of the outermost growth band on a clam tends to be related to the time of year in which the clam dies. A biologist conducted a small investigation of whether this is true for the species Protothaca staminea. She collected a sample of 50 clam shells in February and 27 clam shells in March. 15 of the shells from February had a dark color on the outermost growth band, whereas 8 of the shells from March had a dark color on the outermost growth band. Carry out a hypothesis test to see if there is a difference in the proportion of shells with a dark outermost growth band between the two months. Let ? = 0.01. A) The point estimate for the true difference in proportion of dark growth bands between February and March is:
