Assume a variable has only 3 observations: x1=1, x2=5, x3=6. What is the variance of this variable x? 8.6 None of others. 4.7 2.9
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- please answerIf X~Gamma(4,6) the the variance of X is 4 24 144 LOI have asked this question twice and both times it has been wrong. Answer given F=.82 and .77 both these are incorrect. A bakery is considering buying one of two gas ovens. The bakery requires that the temperature remain constant during a baking operation. A study was conducted to measure the variance in temperature of the ovens during the baking process. The variance in temperature before the thermostat restarted the flame for the Monarch oven was 3.3 for 22 measurements. The variance for the Kraft oven was 4 for 25 measurements. Does this information provide sufficient reason to conclude that there is a difference in the variances for the two ovens? Assume measurements are normally distributed and use a 0.02 level of significance.
- Suppose a car's city miles per gallon rating can be determined by the car's weight. The means and standard deviations of these variables and the correlation coefficient between them are reported in the following table: What proportion of the variability in cars' miles per gallon ratings is explained by the least squares line with weight?Pls do fast its urgent and i will rate instantly for sure Solution must be in typed formActuaries use various parameters when evaluating the cost of a life insurance policy. The variance of the life spans of a population is one of the parameters used for the evaluation. Each year, the actuaries at a particular insurance company randomly sample 30 people who died during the year (with the samples chosen independently from year to year) to see whether the variance of life spans has changed. The life span data from this year and from last year are summarized below. Current Last Year Year x1 = 75.8 | x,= 76.2 si= 47.61 s3= = 92.16 (The first row gives the sample means and the second row gives the sample variances.) Assume that life spans are approximately normally distributed for each of the populations of people who died this year and people who died last year. Can we conclude, at the 0.05 significance level, that the variance of the life span for the current year, of, differs from the variance of the life span for last year, o,? Perform a two-tailed test. Then complete the…
- Let X₁, X2,..., be a sequence of independent and identically distributed random variables, each with a mean value x and variance ok, both of which are assumed to be finite. Let N be a discrete random variable independent of X₁, X2,..., and assuming values in the set {0, 1, 2, ...}, with mean value N and variance ok (both are finite). Form the random-compound sum Y=1 Xk, with the convention Y = 0 whenever N = 0.Consider the following data: 7 8 P(X = x) 0.2 0.2 0.2 0.2 0.2 %3D Step 2 of 5: Find the variance. Round your answer to one decimal place. 5.Part 1. .If b = 0.523, then for every 1 unit increase in the independent variable, there is a 0.523 unit increase in the dependent variable. True or false? 2. .If b = .704, then 70.4% of the variance in the dependent variable can be explained by the variance in the independent variable. In contrast, 29.6% of the variance in the dependent variable can be explained by outside factors. True or false? 3. .If r = 0.444, then for every 1 unit increase in the independent variable, there is a 0.444 unit increase in the dependent variable. True or false?
- What is the value of n (the number of observations)? What is the value of Se (standard error for the model) (2 decimals)? What is the average of the x variable (2 decimals)? What is the variance of the x variable (1 decimal)?Q1. For the giving dataset (X) below, calculate the following X= (455.2, 676.7, 784.7, 349.1, 437.5, 678.3, 760.2, 788.4, 278.3 and 455.2} 1) The Range ( 2) The Mode 3) The variance ( ).Let X be a random variable with X = -3and oz 5. Find the mean and the variance of Y = -2X -3
