- Inferential: methods using sample results to infer conclusions about a larger pop n.
|
|
- Lynette Young
- 5 years ago
- Views:
Transcription
1 Chapter 6 Def : Statstcs: are commoly kow as umercal facts. s a feld of dscple or study. I ths class, statstcs s the scece of collectg, aalyzg, ad drawg coclusos from data. The methods help descrbe ad uderstad varablty. Types of statstcs: - Descrptve: methods to vew a gve dataset. - Iferetal: methods usg sample results to fer coclusos about a larger pop. Def : A varable s ay characterstc that s recorded for subjects a study. - Categorcal (qualtatve: caot assume a umercal value but classfable to or more o-umerc categores. - umercal (quattatve: measured umercally. - Dscrete: oly certa values wth o termedate values. - Cotuous: ay umercal value over a certa terval or tervals. Populato vs. Sample: Def : A populato cossts of all elemets whose characterstcs are beg studed. Ex6. A sample s a porto of the populato selected for study. Ex6. 6. Data Presetato Graphcal Summares for Categorcal Data Def : A bar chart s a graph of bars whose heghts represet the (relatve frequeces of respectve categores. Ex6.3 (created class Look for: frequetly ad frequetly occurrg categores. A Pareto chart arrages the categores order of decreasg frequecy Ex6.4 (created class Look for: frequetly ad frequetly occurrg categores. A pe chart s a crcle dvded to portos that represet (relatve frequecy belogg to dfferet categores. Ex6.5 (created class Look for: categores that form large ad small proportos of the data set. Graphcal Summares for umercal Data Def : A frequecy dstrbuto (for umercal data s a lstg of o-overlappg tervals, together wth the # of observatos for each terval (a.k.a. class or b. f Relatve frequecy (Cumulatve relatve frequecy also ests f The data dvde to tervals (ormally of equal wdth.
2 Worldwde Box Offce ( mllos 00 to to to to to to to 3000 umber of moves f Relatve Frequecy Cumulatve rel. freq. Def : A hstogram graphcally shows a frequecy dstrbuto for umercal data. Look for: - cetral or typcal value ad correspodg spread - gaps the data or outlers - presece of symmetry the dst - umber ad locato of peaks A outler s a obs that falls well above or below the overall bulk of the data. Ex6.6 (precedg table used for example class Hstogram trats: (correspodg curves draw class. Modes (umodal, bmodal, multmodal. Skewess (symmetrc, left-skewed & rght-skewed term refers to TAIL 3. Tal weght (ormal, heavy-taled, lght-taled 6.3 Sample Statstcs (ad more Def : A parameter s a summary measure calculated for pop data. A statstc s a summary measure calculated for sample data. Measures of Ceter: Def : If observatos a sample are deoted by x, x,, x, the sample mea s x + x x x Also, f there are obs s a etre populato, the the populato mea s µ The meda s the value of the mdpot of a data set that has bee raked order, creasg or decreasg. If dataset has a eve # of observatos, use the average of the mddle values. The mode s the most frequet value a data set. OTE: meda (ad mode resstat to outlers, mea uses all observatos.
3 Table 6X0 Estmated provcal populatos crca Jul. 0 ( mllos O PQ BC AB MB SK S B L PEI Ex6.7 Avg. pop of all provces: µ meda x mode o mode here Avg. pop from sample of 3 provces: x Outler effect? (remove Otaro & Quebec Comparg Mea, Meda & Mode Hstograms: (graphs draw class. Symmetrc curve & hstogram - all 3 detcal ad le at the ceter of the dstrbuto. Rght-skewed: Mode < Meda < Mea 3. Left-skewed: Mea < Meda < Mode Measures of Spread: Def : The sample rage s rage max(x m(x Ex6.8 (from Table 6X0 rage Devatos from the Mea: Ex6.9,, 4, 3 x x x ( x 0 ote that ( x µ ad ( x, aka devato of x from the mea, both equal zero. Varace ad Stadard Devato: The most commo measure of spread s stadard devato. Varace, however, must be calculated frst. The basc formulas for varace are: ( µ ( σ s where σ s the populato varace ad s the sample varace.
4 ( Sce(, the varace formulas become x ( x ( σ ad s Fdg the stadard devato oly requres takg the square root of the varace. Populato: σ σ Sample: s s Ex6.0,, 4, 3 x 0, x 30, σ If the data was a sample, ( x σ s, s Importat otes:. Stadard devato measures spread oly about the mea (.e. ot the meda.. Values of varace ad std. dev. are ever egatve. (Equals zero oly f o spread. 3. The measuremet uts of varace are always the square of the uts of the orgal data. 4. Stadard devato, lke the mea, s ot resstat to outlers. 5. Cosder the sample varace s to have degrees of freedom. There are observatos, ad devatos from the mea. Sce the total always sums to zero, of these quattes determes the remag oe. Thus, oly of the devatos, x x, are freely determed. (Degrees of freedom apply oly to samples. Boxplots: Def : The p th quatle s a value such that p percet of the observatos fall below or at that value. Three useful quatles are quartles. The lower (or frst quartle has p 5, the meda has p 50, ad the upper (or thrd quartle has p 75. The fve-umber summary cossts of the m, Q, meda, Q 3, ad the max. (vsual represetato of above draw class Def : The terquartle rage (IQR s the dfferece betwee the frst ad thrd quartles. IQR Q 3 Q (IQR s also a measure of spread Ex (examples regardg fdg quartles wth other # s of observatos dscussed class ote: For exams, ICLUDE the meda calculatg Q ad Q 3.
5 Def : A boxplot shows the ceter, spread, ad skewess of a data set. To costruct t: Step : Rak the data creasg order ad fd the meda, Q, Q 3, ad IQR. Use data from Ex6. to costruct a boxplot. Step : Fd the pots beyod the boudares:.5*iqr below Q ad.5*iqr above Q 3, kow as the lower & upper er feces, respectvely. These pots are outlers..5*iqr Lower.f. Upper.f. Step 3: Determe smallest & largest values wth the respectve er feces. small large Step 4: Draw lear scale cotag etre rage of data. Step 5: Draw perpedcular les to the scale to dcate Q ad Q 3. Coect eds of both les. Box wdth IQR Step 6: Draw aother le perpedcular to the scale to dcate the meda sde the box. Step 7: Draw two smaller les perpedcular to the scale for the values from Step 3. Jo ther ceters to the box to make whskers. (boxplot draw class What to do wth outlers? Cosder lower & upper outer feces at 3.0*IQR below Q ad 3.0*IQR above Q 3. Ex6. 3.0*IQR Lower o.f. Upper o.f. A mld outler s outsde a er fece but sde the outer fece. A extreme outler s outsde ether outer fece. Some textbooks represet mld outlers by shaded crcles, extreme outlers by ope crcles. Our textbook uses astersks, *, as well. Overall, classfyg outlers s mportat whereas drawg them a certa way s subjectve. Whskers exted o each ed to the most extreme obs s that are OT outlers. Ex6.3 Aalyzg ceter, spread, ad skewess: - What s the appromate value of the ceter? - What s the wdth of the IQR? - Are the data symmetrc or skewed? Boxplot vs. Hstogram: Each graph hghlghts dfferet features of a data set (layers of skewess ad skewess/modalty, respectvely, so t s always better to costruct both.
Inferential: methods using sample results to infer conclusions about a larger population.
Chapter 1 Def : Statstcs: 1) are commoly kow as umercal facts ) s a feld of dscple or study Here, statstcs s about varato. 3 ma aspects of statstcs: 1) Desg ( Thk ): Plag how to obta data to aswer questos.
More information= 1. UCLA STAT 13 Introduction to Statistical Methods for the Life and Health Sciences. Parameters and Statistics. Measures of Centrality
UCLA STAT Itroducto to Statstcal Methods for the Lfe ad Health Sceces Istructor: Ivo Dov, Asst. Prof. of Statstcs ad Neurolog Teachg Assstats: Brad Shaata & Tffa Head Uverst of Calfora, Los Ageles, Fall
More information? Economical statistics
Probablty calculato ad statstcs Probablty calculato Mathematcal statstcs Appled statstcs? Ecoomcal statstcs populato statstcs medcal statstcs etc. Example: blood type Dstrbuto A AB B Elemetary evets: A,
More informationCHAPTER - IV STANDARDIZED CUSUM MEDIAN CONTROL CHART
A Study o Process Varablty usg CUSUM ad Fuzzy Cotrol Charts Ph.D Thess CHAPTER - IV STANDARDIZED CUSUM MEDIAN CONTROL CHART. Itroducto: I motorg e process mea, e Mea ( X ) cotrol charts, ad cumulatve sum
More informationA Test of Normality. Textbook Reference: Chapter 14.2 (eighth edition, pages 591 3; seventh edition, pages 624 6).
A Test of Normalty Textbook Referece: Chapter 4. (eghth edto, pages 59 ; seveth edto, pages 64 6). The calculato of p-values for hypothess testg typcally s based o the assumpto that the populato dstrbuto
More information1036: Probability & Statistics
036: Probablty & Statstcs Lecture 9 Oe- ad Two-Sample Estmato Problems Prob. & Stat. Lecture09 - oe-/two-sample estmato cwlu@tws.ee.ctu.edu.tw 9- Statstcal Iferece Estmato to estmate the populato parameters
More informationMeasures of Dispersion
Chapter IV Meaure of Dpero R. 4.. The meaure of locato cate the geeral magtue of the ata a locate oly the cetre of a trbuto. They o ot etablh the egree of varablty or the prea out or catter of the vual
More informationProbability and Statistical Methods. Chapter 8 Fundamental Sampling Distributions
Math 3 Probablty ad Statstcal Methods Chapter 8 Fudametal Samplg Dstrbutos Samplg Dstrbutos I the process of makg a ferece from a sample to a populato we usually calculate oe or more statstcs, such as
More informationProbability and Statistical Methods. Chapter 8 Fundamental Sampling Distributions
Math 3 Probablty ad Statstcal Methods Chapter 8 Fudametal Samplg Dstrbutos Samplg Dstrbutos I the process of makg a ferece from a sample to a populato we usually calculate oe or more statstcs, such as
More informationIEOR 130 Methods of Manufacturing Improvement Fall, 2017 Prof. Leachman Solutions to First Homework Assignment
IEOR 130 Methods of Maufacturg Improvemet Fall, 2017 Prof. Leachma Solutos to Frst Homework Assgmet 1. The scheduled output of a fab a partcular week was as follows: Product 1 1,000 uts Product 2 2,000
More informationTOPIC 7 ANALYSING WEIGHTED DATA
TOPIC 7 ANALYSING WEIGHTED DATA You do t have to eat the whole ox to kow that the meat s tough. Samuel Johso Itroducto dfferet aalyss for sample data Up utl ow, all of the aalyss techques have oly dealt
More informationChapter 3 Student Lecture Notes 3-1
Chapter 3 Student Lecture otes 3-1 Busness Statstcs: A Decson-Makng Approach 6 th Edton Chapter 3 Descrbng Data Usng umercal Measures 005 Prentce-Hall, Inc. Chap 3-1 Chapter Goals After completng ths chapter,
More informationGene Expression Data Analysis (II) statistical issues in spotted arrays
STATC4 Sprg 005 Lecture Data ad fgures are from Wg Wog s computatoal bology course at Harvard Gee Expresso Data Aalyss (II) statstcal ssues spotted arrays Below shows part of a result fle from mage aalyss
More informationConsult the following resources to familiarize yourself with the issues involved in conducting surveys:
Cofdece Itervals Learg Objectves: After completo of ths module, the studet wll be able to costruct ad terpret cofdece tervals crtcally evaluate the outcomes of surveys terpret the marg of error the cotext
More informationMathematics 1307 Sample Placement Examination
Mathematcs 1307 Sample Placemet Examato 1. The two les descrbed the followg equatos tersect at a pot. What s the value of x+y at ths pot of tersecto? 5x y = 9 x 2y = 4 A) 1/6 B) 1/3 C) 0 D) 1/3 E) 1/6
More informationRandom Variables. Discrete Random Variables. Example of a random variable. We will look at: Nitrous Oxide Example. Nitrous Oxide Example
Radom Varables Dscrete Radom Varables Dr. Tom Ilveto BUAD 8 Radom Varables varables that assume umercal values assocated wth radom outcomes from a expermet Radom varables ca be: Dscrete Cotuous We wll
More informationValuation of Asian Option
Mälardales Uversty västerås 202-0-22 Mathematcs ad physcs departmet Project aalytcal face I Valuato of Asa Opto Q A 90402-T077 Jgjg Guo89003-T07 Cotet. Asa opto------------------------------------------------------------------3
More informationDeriving & Understanding the Variance Formulas
Dervg & Uderstadg the Varace Formulas Ma H. Farrell BUS 400 August 28, 205 The purpose of ths hadout s to derve the varace formulas that we dscussed class ad show why take the form they do. I class we
More informationTypes of Sampling Plans. Types of Sampling Plans. Sampling Procedures. Probability Samples -Simple Random sample -Stratified sample -Cluster sample
Samplg Procedures Defe the Populato Idetfy the Samplg Frame Select a Samplg Procedure Determe the Sample Sze Select the Sample Elemets Collect the Data Types of Samplg Plas o-probablty Samples -Coveece
More informationThe Consumer Price Index for All Urban Consumers (Inflation Rate)
The Cosumer Prce Idex for All Urba Cosumers (Iflato Rate) Itroducto: The Cosumer Prce Idex (CPI) s the measure of the average prce chage of goods ad servces cosumed by Iraa households. Ths measure, as
More informationLecture 9 February 21
Math 239: Dscrete Mathematcs for the Lfe Sceces Sprg 2008 Lecture 9 February 21 Lecturer: Lor Pachter Scrbe/ Edtor: Sudeep Juvekar/ Alle Che 9.1 What s a Algmet? I ths lecture, we wll defe dfferet types
More informationSample Survey Design
Sample Survey Desg A Hypotetcal Exposure Scearo () Assume we kow te parameters of a worker s exposure dstrbuto of 8-our TWAs to a cemcal. As t appes, te worker as four dfferet types of days wt regard to
More informationSCEA CERTIFICATION EXAM: PRACTICE QUESTIONS AND STUDY AID
SCEA CERTIFICATION EAM: PRACTICE QUESTIONS AND STUDY AID Lear Regresso Formulas Cheat Sheet You ma use the followg otes o lear regresso to work eam questos. Let be a depedet varable ad be a depedet varable
More informationIntegrating Mean and Median Charts for Monitoring an Outlier-Existing Process
Proceedgs of the Iteratoal MultCoferece of Egeers ad Computer Scetsts 8 Vol II IMECS 8 19-1 March 8 Hog Kog Itegratg Mea ad Meda Charts for Motorg a Outler-Exstg Process Lg Yag Suzae Pa ad Yuh-au Wag Abstract
More informationChapter 4. More Interest Formulas
Chapter 4 More Iterest ormulas Uform Seres Compoud Iterest ormulas Why? May paymets are based o a uform paymet seres. e.g. automoble loas, house paymets, ad may other loas. 2 The Uform aymet Seres s 0
More informationChapter 4. More Interest Formulas
Chapter 4 More Iterest ormulas Uform Seres Compoud Iterest ormulas Why? May paymets are based o a uform paymet seres. e.g. automoble loas, house paymets, ad may other loas. 2 The Uform aymet Seres s 0
More informationThese characteristics are expressed in terms of statistical properties which are estimated from the sample data.
0. Key Statistical Measures of Data Four pricipal features which characterize a set of observatios o a radom variable are: (i) the cetral tedecy or the value aroud which all other values are buched, (ii)
More informationPoverty indices. P(k;z; α ) = P(k;z; α ) /(z) α. If you wish to compute the FGT index of poverty, follow these steps:
Poverty dces DAD offers four possbltes for fxg the poverty le: - A determstc poverty le set by the user. 2- A poverty le equal to a proporto l of the mea. 3- A poverty le equal to a proporto m of a quatle
More informationOptimal Reliability Allocation
Optmal Relablty Allocato Yashwat K. Malaya malaya@cs.colostate.edu Departmet of Computer Scece Colorado State Uversty Relablty Allocato Problem Allocato the relablty values to subsystems to mmze the total
More informationChapter 8. Confidence Interval Estimation. Copyright 2015, 2012, 2009 Pearson Education, Inc. Chapter 8, Slide 1
Chapter 8 Cofidece Iterval Estimatio Copyright 2015, 2012, 2009 Pearso Educatio, Ic. Chapter 8, Slide 1 Learig Objectives I this chapter, you lear: To costruct ad iterpret cofidece iterval estimates for
More information0.07 (12) i 1 1 (12) 12n. *Note that N is always the number of payments, not necessarily the number of years. Also, for
Chapter 3, Secto 2 1. (S13HW) Calculate the preset value for a auty that pays 500 at the ed of each year for 20 years. You are gve that the aual terest rate s 7%. 20 1 v 1 1.07 PV Qa Q 500 5297.01 0.07
More informationApplication of Portfolio Theory to Support Resource Allocation Decisions for Biosecurity
Applcato of Portfolo Theory to Support Resource Allocato Decsos for Bosecurty Paul Mwebaze Ecoomst 11 September 2013 CES/BIOSECURITY FLAGSHIP Presetato outle The resource allocato problem What ca ecoomcs
More informationON MAXIMAL IDEAL OF SKEW POLYNOMIAL RINGS OVER A DEDEKIND DOMAIN
Far East Joural of Mathematcal Sceces (FJMS) Volume, Number, 013, Pages Avalable ole at http://pphmj.com/jourals/fjms.htm Publshed by Pushpa Publshg House, Allahabad, INDIA ON MAXIMAL IDEAL OF SKEW POLYNOMIAL
More informationMEASURING THE FOREIGN EXCHANGE RISK LOSS OF THE BANK
Gabrel Bstrceau, It.J.Eco. es., 04, v53, 7 ISSN: 9658 MEASUING THE FOEIGN EXCHANGE ISK LOSS OF THE BANK Gabrel Bstrceau Ecoomst, Ph.D. Face Natoal Bak of omaa Bucharest, Moetary Polcy Departmet, 5 Lpsca
More informationCHAPTER 8. r E( r ) m e. Reduces the number of inputs for diversification. Easier for security analysts to specialize
CHATE 8 Idex odels cgra-hll/ir Copyrght 0 by The cgra-hll Compaes, Ic. All rghts reserved. 8- Advatages of the Sgle Idex odel educes the umber of puts for dversfcato Easer for securty aalysts to specalze
More informationChapter 3 Descriptive Statistics: Numerical Measures Part B
Sldes Prepared by JOHN S. LOUCKS St. Edward s Unversty Slde 1 Chapter 3 Descrptve Statstcs: Numercal Measures Part B Measures of Dstrbuton Shape, Relatve Locaton, and Detectng Outlers Eploratory Data Analyss
More informationSorting. Data Structures LECTURE 4. Comparison-based sorting. Sorting algorithms. Quick-Sort. Example (1) Pivot
Data Structures, Sprg 004. Joskowcz Data Structures ECUE 4 Comparso-based sortg Why sortg? Formal aalyss of Quck-Sort Comparso sortg: lower boud Summary of comparso-sortg algorthms Sortg Defto Iput: A
More informationTwo Approaches for Log-Compression Parameter Estimation: Comparative Study*
SERBAN JOURNAL OF ELECTRCAL ENGNEERNG Vol. 6, No. 3, December 009, 419-45 UDK: 61.391:61.386 Two Approaches for Log-Compresso Parameter Estmato: Comparatve Study* Mlorad Paskaš 1 Abstract: Stadard ultrasoud
More informationCOMPARISON OF APPROACHES TO TESTING EQUALITY OF EXPECTATIONS AMONG SAMPLES FROM POISSON AND NEGATIVE BINOMIAL DISTRIBUTION
ACTA UNIVERSITATIS AGRICULTURAE ET SILVICULTURAE MENDELIANAE BRUNENSIS Volume 66 0 Number 4, 08 https://do.org/0.8/actau08660405 COMPARISON OF APPROACHES TO TESTING EQUALITY OF EXPECTATIONS AMONG SAMPLES
More informationb. (6 pts) State the simple linear regression models for these two regressions: Y regressed on X, and Z regressed on X.
Mat 46 Exam Sprg 9 Mara Frazer Name SOLUTIONS Solve all problems, ad be careful ot to sped too muc tme o a partcular problem. All ecessary SAS fles are our usual folder (P:\data\mat\Frazer\Regresso). You
More informationUNIVERSITY OF VICTORIA Midterm June 6, 2018 Solutions
UIVERSITY OF VICTORIA Mdterm June 6, 08 Solutons Econ 45 Summer A0 08 age AME: STUDET UMBER: V00 Course ame & o. Descrptve Statstcs and robablty Economcs 45 Secton(s) A0 CR: 3067 Instructor: Betty Johnson
More informationAPPENDIX M: NOTES ON MOMENTS
APPENDIX M: NOTES ON MOMENTS Every stats textbook covers the propertes of the mea ad varace great detal, but the hgher momets are ofte eglected. Ths s ufortuate, because they are ofte of mportat real-world
More informationGAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY INTERVENTION PROGRAMME MATHEMATICS GRADE 12 SESSION 3 (LEARNER NOTES)
MATHEMATICS GRADE SESSION 3 (LEARNER NOTES) TOPIC 1: FINANCIAL MATHEMATICS (A) Learer Note: Ths sesso o Facal Mathematcs wll deal wth future ad preset value autes. A future value auty s a savgs pla for
More informationAn Efficient Estimator Improving the Searls Normal Mean Estimator for Known Coefficient of Variation
ISSN: 2454-2377, A Effcet Estmator Improvg the Searls Normal Mea Estmator for Kow Coeffcet of Varato Ashok Saha Departmet of Mathematcs & Statstcs, Faculty of Scece & Techology, St. Auguste Campus The
More informationMode is the value which occurs most frequency. The mode may not exist, and even if it does, it may not be unique.
1.7.4 Mode Mode s the value whch occurs most frequency. The mode may not exst, and even f t does, t may not be unque. For ungrouped data, we smply count the largest frequency of the gven value. If all
More informationEconomic Efficiency of Pecan Nut Production: An Application of Output Oriented DEA Model
Iteratoal Joural of Agrculture, Evromet ad Botechology Ctato: IJAEB: 10(4): 507-512, August 2017 DOI: 10.5958/2230-732X.2017.00062.6 2017 New Delh Publshers. All rghts reserved ECONOMICS Ecoomc Effcecy
More information8.0% E(R) 6.0% Lend. Borrow 4.0% 2.0% rf rf 0.0% 0.0% 1.0% 2.0% 3.0% 4.0% STD(R) E(R) Long A and Short B. Long A and Long B. Short A and Long B
F8000 Valuato of Facal ssets Sprg Semester 00 Dr. Isabel Tkatch ssstat Professor of Face Ivestmet Strateges Ledg vs. orrowg rsk-free asset) Ledg: a postve proporto s vested the rsk-free asset cash outflow
More informationOverview. Linear Models Connectionist and Statistical Language Processing. Numeric Prediction. Example
Overvew Lear Models Coectost ad Statstcal Laguage Processg Frak Keller keller@col.u-sb.de Computerlgustk Uverstät des Saarlades classfcato vs. umerc predcto lear regresso least square estmato evaluatg
More informationTwitter: @Owe134866 www.mathsfreeresourcelibrary.com Prior Kowledge Check 1) State whether each variable is qualitative or quatitative: a) Car colour Qualitative b) Miles travelled by a cyclist c) Favourite
More informationSolutions to Problems
Solutos to Problems ( Pt Pt + Ct) P5-. LG : Rate of retur: rt Pt Basc ($,000 $0,000 + $,500) a. Ivestmet X: Retur.50% $0,000 Ivestmet Y: Retur ($55,000 $55,000 + $6,800).36% $55,000 b. Ivestmet X should
More informationMonetary fee for renting or loaning money.
Ecoomcs Notes The follow otes are used for the ecoomcs porto of Seor Des. The materal ad examples are extracted from Eeer Ecoomc alyss 6 th Edto by Doald. Newa, Eeer ress. Notato Iterest rate per perod.
More informationReview. Statistics and Quantitative Analysis U4320. Review: Sampling. Review: Sampling (cont.) Population and Sample Estimates:
Stattc ad Quattatve Aaly U430 Segmet 6: Cofdece Iterval Prof. Shary O Hallora URL: http://www.columba.edu/tc/pa/u430y-003/ Revew Populato ad Sample Etmate: Populato Sample N X X Mea = = µ = X = N Varace
More information0.07. i PV Qa Q Q i n. Chapter 3, Section 2
Chapter 3, Secto 2 1. (S13HW) Calculate the preset value for a auty that pays 500 at the ed of each year for 20 years. You are gve that the aual terest rate s 7%. 20 1 v 1 1.07 PV Qa Q 500 5297.01 0.07
More informationNon-life insurance mathematics. Nils F. Haavardsson, University of Oslo and DNB Skadeforsikring
No-lfe surace mathematcs Nls F. Haavardsso, Uversty of Oslo ad DNB Skadeforskrg Repetto clam se The cocept No parametrc modellg Scale famles of dstrbutos Fttg a scale famly Shfted dstrbutos Skewess No
More informationMATHEMATICAL MODELLING OF RISK IN PORTFOLIO OPTIMIZATION WITH MEAN- EXTENDED GINI APPROACH
SCIREA Joural of Mathematcs http://www.screa.org/joural/mathematcs December 21, 2016 Volume 1, Issue 2, December 2016 MATHEMATICAL MODELLING OF RISK IN PORTFOLIO OPTIMIZATION WITH MEAN- EXTENDED GINI APPROACH
More informationETSI TS V1.2.1 ( )
TS 0 50-6 V.. (004-0) Techcal Specfcato Speech Processg, Trasmsso ad Qualty Aspects (STQ); QoS aspects for popular servces GSM ad 3G etworks; Part 6: Post processg ad statstcal methods TS 0 50-6 V.. (004-0)
More informationII. Random Variables. Variable Types. Variables Map Outcomes to Numbers
II. Random Varables Random varables operate n much the same way as the outcomes or events n some arbtrary sample space the dstncton s that random varables are smply outcomes that are represented numercally.
More informationForecasting the Movement of Share Market Price using Fuzzy Time Series
Iteratoal Joural of Fuzzy Mathematcs ad Systems. Volume 1, Number 1 (2011), pp. 73-79 Research Ida Publcatos http://www.rpublcato.com Forecastg the Movemet of Share Market Prce usg Fuzzy Tme Seres B.P.
More informationAMS Final Exam Spring 2018
AMS57.1 Fal Exam Sprg 18 Name: ID: Sgature: Istructo: Ths s a close book exam. You are allowed two pages 8x11 formula sheet (-sded. No cellphoe or calculator or computer or smart watch s allowed. Cheatg
More informationAn Empirical Based Path Loss model with Tree Density Effects for 1.8 GHz Mobile Communications Using Fuzzy Regression
Proceedgs of the 5th WSEAS It Cof o Electrocs, Hardware, Wreless ad Optcal Commucatos, Madrd, Spa, February 15-17, 26 (pp5-57) A Emprcal Based Path Loss model wth Tree Desty Effects for 18 GHz Moble Commucatos
More informationA Hierarchical Multistage Interconnection Network
A Herarchcal Multstage Itercoecto Networ Mohtar Aboelaze Dept. of Computer Scece Yor Uversty Toroto, ON. CANADA M3J P3 aboelaze@cs.yoru.ca Kashf Al Dept. of Computer Scece Yor Uversty Toroto, ON. CANADA
More informationStatistics for Economics & Business
Statistics for Ecoomics & Busiess Cofidece Iterval Estimatio Learig Objectives I this chapter, you lear: To costruct ad iterpret cofidece iterval estimates for the mea ad the proportio How to determie
More informationRobust Statistical Analysis of Long-Term Performance For Sharia-Compliant Companies in Malaysia Stock Exchange
Iteratoal Joural of Maagemet Scece ad Busess Admstrato Volume 3, Issue 3, March 07, Pages 49-66 DOI: 0.8775/jmsba.849-5664-549.04.33.006 URL: http://dx.do.org/0.8775/jmsba.849-5664-549.04.33.006 Robust
More informationPrediction Error of the Future Claims Component of Premium Liabilities under the Loss Ratio Approach. International Regulatory Changes
Predcto rror o the Future lams ompoet o Premum Labltes uder the Loss Rato Approach (accepted to be publshed ace) AS Aual Meetg November 8 00 Jacke L PhD FIAA Nayag Busess School Nayag Techologcal Uversty
More informationToday: Finish Chapter 9 (Sections 9.6 to 9.8 and 9.9 Lesson 3)
Today: Fiish Chapter 9 (Sectios 9.6 to 9.8 ad 9.9 Lesso 3) ANNOUNCEMENTS: Quiz #7 begis after class today, eds Moday at 3pm. Quiz #8 will begi ext Friday ad ed at 10am Moday (day of fial). There will be
More informationSTATIC GAMES OF INCOMPLETE INFORMATION
ECON 10/410 Decsos, Markets ad Icetves Lecture otes.11.05 Nls-Herk vo der Fehr SAIC GAMES OF INCOMPLEE INFORMAION Itroducto Complete formato: payoff fuctos are commo kowledge Icomplete formato: at least
More informationMeasures of Spread IQR and Deviation. For exam X, calculate the mean, median and mode. For exam Y, calculate the mean, median and mode.
Part 4 Measures of Spread IQR and Devaton In Part we learned how the three measures of center offer dfferent ways of provdng us wth a sngle representatve value for a data set. However, consder the followng
More information6. Loss systems. ELEC-C7210 Modeling and analysis of communication networks 1
ELEC-C72 Modelg ad aalyss of commucato etwors Cotets Refresher: Smple teletraffc model Posso model customers, servers Applcato to flow level modellg of streamg data traffc Erlag model customers, ; servers
More informationEstimating the Common Mean of k Normal Populations with Known Variance
Iteratoal Joural of Statstcs ad Probablty; Vol 6, No 4; July 07 ISSN 97-703 E-ISSN 97-7040 Publshed by Caada Ceter of Scece ad Educato Estmatg the Commo Mea of Normal Populatos wth Kow Varace N Sajar Farspour
More informationLecture 4: Probability (continued)
Lecture 4: Probability (cotiued) Desity Curves We ve defied probabilities for discrete variables (such as coi tossig). Probabilities for cotiuous or measuremet variables also are evaluated usig relative
More informationA point estimate is the value of a statistic that estimates the value of a parameter.
Chapter 9 Estimatig the Value of a Parameter Chapter 9.1 Estimatig a Populatio Proportio Objective A : Poit Estimate A poit estimate is the value of a statistic that estimates the value of a parameter.
More informationConfidence Intervals Introduction
Cofidece Itervals Itroductio A poit estimate provides o iformatio about the precisio ad reliability of estimatio. For example, the sample mea X is a poit estimate of the populatio mea μ but because of
More information. (The calculated sample mean is symbolized by x.)
Stat 40, sectio 5.4 The Cetral Limit Theorem otes by Tim Pilachowski If you have t doe it yet, go to the Stat 40 page ad dowload the hadout 5.4 supplemet Cetral Limit Theorem. The homework (both practice
More informationKeywords: financial risk management, tractable risk measures, portfolio selection, efficient frontiers, linear programming problem.
THE EMPIRICAL VALUE-AT-RISK/EXPECTED RETURN FRONTIER: A USEFUL TOOL OF MARKET RISK MANAGING Aalsa D Clemete Abstract I addto to measurg ad motorg facal rs, t s mportat for rs maagers to uderstad how facal
More informationVariable weight combined forecast of China s energy demand based on grey model and BP neural network
Avalable ole www.jocpr.com Joural of Chemcal ad Pharmaceutcal Research, 2014, 6(4):303-308 Research Artcle ISSN : 0975-7384 CODEN(USA) : JCPRC5 Varable weght combed forecast of Cha s eergy demad based
More informationST 305: Exam 2 Fall 2014
ST 305: Exam Fall 014 By hadig i this completed exam, I state that I have either give or received assistace from aother perso durig the exam period. I have used o resources other tha the exam itself ad
More informationMean-Semivariance Optimization: A Heuristic Approach
Mea-Semvarace Optmzato: A Heurstc Approach Javer Estrada IESE Busess School, Aveda Pearso 1, 08034 Barceloa, Spa Tel: +34 93 53 400, Fax: +34 93 53 4343, Emal: jestrada@ese.edu Abstract Academcs ad practtoers
More informationVariance Covariance (Delta Normal) Approach of VaR Models: An Example From Istanbul Stock Exchange
ISSN 2222-697 (Paper) ISSN 2222-2847 (Ole) Vol.7, No.3, 206 Varace Covarace (Delta Normal) Approach of VaR Models: A Example From Istabul Stock Exchage Dr. Ihsa Kulal Iformato ad Commucato Techologes Authorty,
More informationTopic-7. Large Sample Estimation
Topic-7 Large Sample Estimatio TYPES OF INFERENCE Ò Estimatio: É Estimatig or predictig the value of the parameter É What is (are) the most likely values of m or p? Ò Hypothesis Testig: É Decidig about
More informationMay 2005 Exam Solutions
May 005 Exam Soluto 1 E Chapter 6, Level Autes The preset value of a auty-mmedate s: a s (1 ) v s By specto, the expresso above s ot equal to the expresso Choce E. Soluto C Chapter 1, Skg Fud The terest
More informationThe Prediction Error of Bornhuetter-Ferguson
The Predcto Error of Borhuetter-Ferguso Thomas Mac Abstract: Together wth the Cha Ladder (CL method, the Borhuetter-Ferguso ( method s oe of the most popular clams reservg methods. Whereas a formula for
More informationInferential Statistics and Probability a Holistic Approach. Inference Process. Inference Process. Chapter 8 Slides. Maurice Geraghty,
Iferetial Statistics ad Probability a Holistic Approach Chapter 8 Poit Estimatio ad Cofidece Itervals This Course Material by Maurice Geraghty is licesed uder a Creative Commos Attributio-ShareAlike 4.0
More informationAlgorithm Analysis. x is a member of the set P x is not a member of the set P The null or empty set. Cardinality: the number of members
Algorthm Aalyss Mathematcal Prelmares: Sets ad Relatos: A set s a collecto of dstgushable members or elemets. The members are usually draw from some larger collecto called the base type. Each member of
More informationProbability Distributions. Statistics and Quantitative Analysis U4320. Probability Distributions(cont.) Probability
Statstcs and Quanttatve Analss U430 Dstrbutons A. Dstrbutons: How do smple probablt tables relate to dstrbutons?. What s the of gettng a head? ( con toss) Prob. Segment 4: Dstrbutons, Unvarate & Bvarate
More informationChapter 8: Estimation of Mean & Proportion. Introduction
Chapter 8: Estimatio of Mea & Proportio 8.1 Estimatio, Poit Estimate, ad Iterval Estimate 8.2 Estimatio of a Populatio Mea: σ Kow 8.3 Estimatio of a Populatio Mea: σ Not Kow 8.4 Estimatio of a Populatio
More informationLecture 1: Review and Exploratory Data Analysis (EDA)
Lecture 1: Review and Exploratory Data Analysis (EDA) Ani Manichaikul amanicha@jhsph.edu 16 April 2007 1 / 40 Course Information I Office hours For questions and help When? I ll announce this tomorrow
More informationAllocating Risk Dollars Back to Individual Cost Elements
Allocatg Rsk Dollars Back to Idvdual Cost Elemets Stephe A. Book Chef Techcal Offcer MCR, LLC sbook@mcr.com (0) 60-0005 x 0th Aual DoD Cost Aalyss Symposum Wllamsburg VA -6 February 007 007 MCR, LLC Approved
More informationB = A x z
114 Block 3 Erdeky == Begi 6.3 ============================================================== 1 / 8 / 2008 1 Correspodig Areas uder a ormal curve ad the stadard ormal curve are equal. Below: Area B = Area
More informationMinimization of Value at Risk of Financial Assets Portfolio using Genetic Algorithms and Neural Networks
Joural of Appled Face & Bakg, vol. 6, o. 2, 2016, 39-52 ISSN: 1792-6580 (prt verso), 1792-6599 (ole) Scepress Ltd, 2016 Mmzato of Value at Rsk of Facal Assets Portfolo usg Geetc Algorthms ad Neural Networks
More information1 Describing Distributions with numbers
1 Describing Distributions with numbers Only for quantitative variables!! 1.1 Describing the center of a data set The mean of a set of numerical observation is the familiar arithmetic average. To write
More informationpoint estimator a random variable (like P or X) whose values are used to estimate a population parameter
Estimatio We have oted that the pollig problem which attempts to estimate the proportio p of Successes i some populatio ad the measuremet problem which attempts to estimate the mea value µ of some quatity
More informationThe Complexity of General Equilibrium
Prof. Ja Bhattachara Eco --Sprg 200 Welfare Propertes of Market Outcomes Last tme, we covered equlbrum oe market partal equlbrum. We foud that uder perfect competto, the equlbrum prce ad quatt mamzed the
More informationPortfolio Optimization via Pair Copula-GARCH-EVT-CVaR Model
Avalable ole at www.scecedrect.com Systems Egeerg Proceda 2 (2011) 171 181 Portfolo Optmzato va Par Copula-GARCH-EVT-CVaR Model Lg Deg, Chaoqu Ma, Weyu Yag * Hua Uversty, Hua, Chagsha 410082, PR Cha Abstract
More informationFINANCIAL MATHEMATICS : GRADE 12
FINANCIAL MATHEMATICS : GRADE 12 Topcs: 1 Smple Iterest/decay 2 Compoud Iterest/decay 3 Covertg betwee omal ad effectve 4 Autes 4.1 Future Value 4.2 Preset Value 5 Skg Fuds 6 Loa Repaymets: 6.1 Repaymets
More informationQuantitative Portfolio Theory & Performance Analysis
550.447 Quattatve Portfolo heory & Performace Aalyss Week February 11, 2013 Cocepts (fsh-up) Basc Elemets of Moder Portfolo heory Assgmet For Feb 11 (hs Week) ead: A&L, Chapter 2 ( Cocepts) ead: A&L, Chapter
More informationMeasuring the degree to which probability weighting affects risk-taking. Behavior in financial decisions
Joural of Face ad Ivestmet Aalyss, vol., o.2, 202, -39 ISSN: 224-0988 (prt verso), 224-0996 (ole) Iteratoal Scetfc Press, 202 Measurg the degree to whch probablty weghtg affects rsk-takg Behavor facal
More informationEstimating Proportions with Confidence
Aoucemets: Discussio today is review for midterm, o credit. You may atted more tha oe discussio sectio. Brig sheets of otes ad calculator to midterm. We will provide Scatro form. Homework: (Due Wed Chapter
More informationOCR Statistics 1 Working with data. Section 2: Measures of location
OCR Statstcs 1 Workng wth data Secton 2: Measures of locaton Notes and Examples These notes have sub-sectons on: The medan Estmatng the medan from grouped data The mean Estmatng the mean from grouped data
More informationQuantitative Analysis
EduPristie FRM I \ Quatitative Aalysis EduPristie www.edupristie.com Momets distributio Samplig Testig Correlatio & Regressio Estimatio Simulatio Modellig EduPristie FRM I \ Quatitative Aalysis 2 Momets
More informationStat 101 Exam 1 - Embers Important Formulas and Concepts 1
1 Chapter 1 1.1 Definitions Stat 101 Exam 1 - Embers Important Formulas and Concepts 1 1. Data Any collection of numbers, characters, images, or other items that provide information about something. 2.
More information