Another study from the book A Handbook of Small Data Sets (Hand et al., 1993) describes the
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a. Test the hypothesis that the number of sons in a family of seven children follows a binomial distribution with Ï = .5. Use a = .05.
b. Suppose that p is unspecified. Evaluate the general fit of a binomial distribution. Using the p-value from your test statistic, comment on the adequacy of using a binomial model for this situation.
c. Compare your results from parts (a) and (b).
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
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