solve the following questions-
1. Suppose that a random variable X follows gamma distribution with shape parameter α and scale β. Determine the values of α and β given that E(X) = 8 and Var(X) = 32.
2. A commonly used practice of airline companies is to sell more tickets than actual seats to a particular flight because customers who buy tickets do not always show up for the flight. Suppose that the percentage of no shows at flight time is 2%. For a particular flight with 380 seats, a total of 384 tickets were sold. Use normal approximation to find the probability that
(a) at most 375 passengers will show up.
(b) the airline overbooked this flight.
(c) between 4 and 8 passengers (both inclusive) will not show up.
solve the following questions- 1. Suppose that a random variable X follows gamma distribution with shape...
1] Assume that the helium porosity (in percentage) of coal sample taken from any particular seam is normally distributed with true standard deviation 0.75. (a) Compute a 90% confidence interval for the true average porosity of a certain seam if the average porosity for 20 specimens from the seam was 4.85. (b) How large a sample size is necessary if the width of the 95% interval for the true average is to be 0.30? 2] A commonly used practice of airline...
2. (a) Suppose that xi,...,In are a random sample from a gamma distribution with shape parameter and rate parameter λ, Γ(a) Here α > 0 and λ > 0. Let θ sufficient statistic for the data (α, β). Determine the log-likelihood, I(0), and a 2-dimensional b) Suppose that xi,...,In are a random sample from a U(-0,) distribution, 1/(20) if- otherwise x-θ f(x;0)-' 0, Here θ > 0, Determine the likelihood, L(0), and a one-dimensional sufficient statistic. Note that the likelihood...
2. (a) Suppose that x1,... , Vn are a random sample from a gamma distribution with shape parameter α and rate parameter λ, Here α > 0 and λ > 0. Let θ-(α, β). Determine the log-likelihood, 00), and a 2-dimensional sufficient statistic for the data (b) Suppose that xi, ,Xn are a random sample from a U(-9,0) distribution. f(x; 8) otherwise Here θ > 0, Determine the likelihood, L(0), and a one-dimensional sufficient statistic. Note that the likelihood should...
2. (2 pts) Suppose X follows a Gamma distribution with parameters a, B, and the following density function F(t) = f(a)ga Find o and 8 so that E(X) = Var(X) = 1. 3. (2 pts) Find the median for the random variable, X. in #2.
1. Suppose that random variables X and Y are independent and have the following properties: E(X) = 5, Var(X) = 2, E(Y ) = −2, E(Y 2) = 7. Compute the following. (a) E(X + Y ). (b) Var(2X − 3Y ) (c) E(X2 + 5) (d) The standard deviation of Y . 2. Consider the following data set: �x = {90, 88, 93, 87, 85, 95, 92} (a) Compute x¯. (b) Compute the standard deviation of this set. 3....
Problem 1-5 1. If X has distribution function F, what is the distribution function of e*? 2. What is the density function of eX in terms of the densitv function of X? 3. For a nonnegative integer-valued random variable X show that 4. A heads or two consecutive tails occur. Find the expected number of flips. coin comes up heads with probability p. It is flipped until two consecutive 5. Suppose that PX- a p, P X b 1-p, a...
1. Suppose that Xi,..,Xn are independent Exponential random variables with density f(x; λ) λ exp(-1x) for x > 0 where λ > 0 is an unknown parameter (a) Show that the τ quantile of the Exponential distribution is F-1 (r)--X1 In(1-7) and give an approximation to Var(X(k)) for k/n-T. What happens to this variance as τ moves from 0 to 1? (b) The form of the quantile function in part (a) can be used to give a quantile-quantile (QQ) plot...
1. Suppose that Xi,..,Xn are independent Exponential random variables with density f(x; λ) λ exp(-1x) for x > 0 where λ > 0 is an unknown parameter (a) Show that the τ quantile of the Exponential distribution is F-1 (r)--X1 In(1-7) and give an approximation to Var(X(k)) for k/n-T. What happens to this variance as τ moves from 0 to 1? (b) The form of the quantile function in part (a) can be used to give a quantile-quantile (QQ) plot...