Q 8. You fit a Pareto distribution to a sample of 200 claim amounts and use the likelihood ratiotest to test the hypothesis that a = 1.5 and 0 = 7.8. You are given:(i) The maximum likelihood estimates are â = 1.4 and @= 7.6.(ii) The natural logarithm of the likelihood function evaluated at the maximum likelihoodestimates is -817.92.(iii) ln (x + 7.8) = 607.64.Determine the result of the test.

Given: Sample size n=200 α=1.5 and θ=7.8 The maximum likelihood estimates are α^=1.4 and θ^=7.6. The…

Q 8. You fit a Pareto distribution to a sample of 200 claim amounts and use the likelihood ratio test to test the hypothesis that a = 1.5 and 0 = 7.8. You are given: (i) The maximum likelihood estimates are a = 1.4 and @= 7.6. (ii) The natural logarithm of the likelihood function evaluated at the maximum likelihood estimates is -817.92. (iii) Eln (x + 7.8) = 607.64. Determine the result of the test.

Q 8. You fit a Pareto distribution to a sample of 200 claim amounts and use the likelihood ratio test to test the hypothesis that a = 1.5 and 0 = 7.8. You are given: (i) The maximum likelihood estimates are a = 1.4 and @= 7.6. (ii) The natural logarithm of the likelihood function evaluated at the maximum likelihood estimates is -817.92. (iii) Eln (x + 7.8) = 607.64. Determine the result of the test.

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter2: Exponential, Logarithmic, And Trigonometric Functions

Section2.CR: Chapter 2 Review

Problem 111CR: Respiratory Rate Researchers have found that the 95 th percentile the value at which 95% of the data...

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