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You fit a two parameter pareto distribution to a sample of 100 claims amounts x1, x2, ..., X100 and use the likelihood ratio test to test the hypothesis. Ho:0=9,α=3 H₁:0=9,a 3 You are given that Σln(9+x) = 262. Determine the result of the test at 10% of level of significance.

You fit a two parameter pareto distribution to a sample of 100 claims amounts x1, x2, ..., X100 and use the likelihood ratio test to test the hypothesis. Ho:0=9,α=3 H₁:0=9,a 3 You are given that Σln(9+x) = 262. Determine the result of the test at 10% of level of significance.

Calculus For The Life Sciences
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.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
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You fit a two parameter pareto distribution to a sample of 100 claims amounts x₁, x2,..., X100 and use the likelihood ratio test to test the hypothesis. Ho: 0=9, a = 3 H₁:0=9,a # 3 You are given that Σln(9 + x) = 262. Determine the result of the test at 10% of level of significance.
Transcribed Image Text:You fit a two parameter pareto distribution to a sample of 100 claims amounts x₁, x2,..., X100 and use the likelihood ratio test to test the hypothesis. Ho: 0=9, a = 3 H₁:0=9,a # 3 You are given that Σln(9 + x) = 262. Determine the result of the test at 10% of level of significance.
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