The article from which the data in Exercise 1 was extracted also gave the accompanYing strength observations
Question:
Prior to obtaining data, denote the beam strengths by X1,..., Xm and the cylinder strengths by Y1, . . . , Yn. Suppose that the Xi's constitute a random sample from a distribution with mean µ1 and standard deviation Ï1 and that the Yi's form a random sample (independent of the Xi's) from another distribution with mean Ï2 and standard deviation Ï2.
a. Use rules of expected value to show that - is an unbiased estimator of µ1 - µ2. Calculate the estimate for the given data.
b. Use rules of variance from Chapter 5 to obtain an expression for the variance and standard deviation (standard error) of the estimator in part (a), and then compute the estimated standard error.
c. Calculate a point estimate of the ratio Ï1/Ï2 of the two standard deviations.
d. Suppose a single beam and a single cylinder are randomly selected. Calculate a point estimate of the variance of the difference X - Y between beam strength and cylinder strength.
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...
Step by Step Answer:
Probability And Statistics For Engineering And The Sciences
ISBN: 9781305251809
9th Edition
Authors: Jay L. Devore