Background Information: The university want to deliver at least 25% of degrees as first class degrees. The lecturer decides to consider the proportion of first class marks in the new cohort and test whether the true proportion is lower than the university expects. He notes that 0.154 proportion of 130 students in the new cohort achieve a first class mark.
Question: Calculate the method of moments estimator for the parameter of this distribution.
Please give as much detail as possible, thanks in advance.
Background Information: The university want to deliver at least 25% of degrees as first class deg...
The university wants to deliver at least 25% of degrees as first class degrees. The lecturer decides to consider the proportion of first class marks in the new cohort and test whether the true proportion is lower than the university expects. He notes that 0.154 proportion of 130 students in the new cohort achieve a first class mark. 1.What distribution would you use to model an individual student receiving a first class mark? 2.Calculate the method of moments estimator for...
Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...