Sample Survey Design

Size: px
Start display at page:

Download "Sample Survey Design"

Transcription

1 Sample Survey Desg

2 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 te ature of te job tasks e performed. For eac type of workday, tere s a uque dstrbuto of 8-our TWA exposure values. Deote a 8-our TWA by te symbol C, ad deote a C value assocated wt eac of te four dfferet types of days by C, C, C ad C, respectvely.

3 A Hypotetcal Exposure Scearo () Assume Day type # comprses 0% of all workdays, wle #, # ad # comprse, respectvely, 0%, 0% ad 0% of all workdays. Tese percetages are expressed by decmal fracto tme wegts, deoted by W, W, W ad W. Te artmetc mea ad varace for te 8-our TWA dstrbuto assocated wt eac type of day are sow te followg table. Day Type Mea Varace VarC Tme Wegt W 5 ppm 5 ppm 0. 5 ppm 00 ppm ppm 600 ppm 0. 5 ppm 9950 ppm 0.

4 A Hypotetcal Exposure Scearo () Over a workg lfetme, te worker s total dstrbuto of 8-our TWAs s a mxture of tese four day-specfc dstrbutos. Tat s, f te worker works 0,000 days a lfetme, we ca expect 000 wll come from te dstrbuto assocated wt day type #, 000 wll come from te dstrbuto assocated wt day type #, ad so fort.

5 Artmetc Mea of te Total Dstrbuto To compute te artmetc mea of te total dstrbuto, deoted by EC, we eed to take te expectato by codtog: Equato : E X E X Y y p( Y y) all y E C w ppm 5

6 Varace of te Total Dstrbuto To calculate te varace of te total dstrbuto, deoted by VarC, we eed to use te equato for te varace by codtog: Equato : Var X Var X all y Y y p( Y y) all y ( E X Y y E X ) p( Y y) Var C Var C W ( E C) W Var C W ppm ( E C) W (5 ) (50 ) 6ppm 0. (5 ) 0. (5 )

7 Result Te worker s total dstrbuto of 8-our TWAs for te cemcal as: EC = ppm VarC = 68 ppm I effect, te expected value EC ca be regarded as te worker s log-term artmetc mea exposure level to te cemcal. Te mea exposure ca be also deoted by. Te varace VarC s te worker s exposure varablty over a lfetme wc ca be expressed as. 7

8 Smple Radom Samplg () Now, a perso wo as o dea about ts worker s exposure profle wats to estmate te worker s log-term artmetc mea exposure level,. Oe approac e ca use s to select a smple radom sample of workdays, measure te 8-our TWA values o tose days, ad compute te sample mea. Because te terest s estmatg te mea of 8-our TWA values, tus te ssue of ow to deal wt a sample mea dstrbuto s ecoutered. 8

9 Smple Radom Samplg () Uder smple radom samplg, te mea ca be estmated by te followg equato: E ad. Te varace assocated wt te estmator ca be calculated by te followg equato: I ts case, VarC = VarX. Var X Var X 9

10 Smple Radom Samplg () To detfy te estmate of as beg derved from smple radom samplg, let te estmator be deoted by. srs Terefore, Var srs Var C If = 0 workdays are cose ad 0 8-our TWAs are measured, te 68 Var srs ppm 0

11 Stratfed Radom Samplg () Aoter way wc ca be used to radomly select a sample of workdays s stratfed radom samplg. Recall tat te worker s total dstrbuto of 8-our TWAs s mxture of four separate dstrbutos. Tese four dstrbutos are cosdered to be four dfferet strata of 8-our TWA values. Alteratvely, we ca say tat tere are four dfferet strata of workdays. Hece, to estmate te worker s log-term artmetc mea exposure level, oe mgt take a smple radom sample of workdays from eac strata of workdays ad compute a tme wegted average of te sample meas of tese four strata were te tme wegts are te W values.

12 Stratfed Radom Samplg () Te sample meas for te four strata are computed by: Te terms,, ad are te umber of workdays selected or te umber of 8-our TWAs measured for eac stratum., X # : Stratum, X : # Stratum, X : # Stratum, X : # Stratum

13 Stratfed Radom Samplg () Te estmate of uder stratfed radom samplg s represeted by ad s computed by te followg equato: Te expectato of : Terefore, s also a ubased estmator of te worker s logterm artmetc mea exposure level. str str W str,, str str W E E ad E E E E W E W W E E str

14 Stratfed Radom Samplg () str Te varace of te deoted by Var str s computed by te followg equato: Var str X VarW VarW W Var W ( X ( X,, X X,,... X... X W ) W ) Because te samples are radomly selected from eac stratum, t s ot ureasoable to cosder all X values parwse depedet, all X values parwse depedet, ad so fort.,,, ( X ( X,, X X,,... X... X,, ) )

15 5 Stratfed Radom Samplg (5) Furtermore, we ca also cosder tat te values take from eac stratum are depedet of tose from oter strata. Terefore, Te above equato ca be rewrtte as: str C Var W C Var W C Var W C Var W Var str C Var W Var

16 Stratfed Radom Samplg wt Proportoal Allocato It s mpossble to cotrol te values of W ad VarC. But, we ca cotrol te values of, wc are te umber of workdays selected ad te umber of 8-our TWAs measured wt eac stratum. Oe way to select te s proporto to te overall tme wegts W. Terefore, f te total sample sze s ; Te, te umber of samples eac stratum ca be determed by: W Ts sample survey desg s termed stratfed radom samplg wt proportoal allocato. For clarty, deote te estmate of ad te varace of te estmate obtaed by ts sample survey desg as str P ad Var, respectvely. str P 6

17 Stratfed Radom Samplg wt Optmum Allocato () I te stratfed radom samplg proportoal allocato desg, te strata wt ger wt-stratum varaces ted to cotrbute more amouts to te varace of te estmate of,.e., Var. Oe way to reduce te varace of te estmate of s to crease te values for tese g-varace strata. Te equato for optmally allocatg te sample elemets betwee te strata s: were W SD C W SD C SD C Var C str P 7

18 Stratfed Radom Samplg wt Optmum Allocato () Ts sample survey desg s termed stratfed radom samplg wt optmum allocato. For clarty, deote te estmate of ad te varace of te estmate obtaed by ts sample survey desg as ad Var, respectvely. stro stro For te four strata of 8-our TWA dstrbutos descrbed at te begg of ts secto, ad for a total sample sze of = 0, te allocato of te sample betwee strata s: Day Type Number of Samples ( ) Proportoal Optmum 8

19 Varace of Stratfed Radom Samplg Approaces () For bot stratfed desgs, te varace assocated wt te estmate of s: Var str P Var C W ( ) 0. ( ) ppm 600 ( ) ( ) Var stro Var C W ( ) 0. ( ) ppm 600 ( ) ( ) 9

20 Varace of Stratfed Radom Samplg Approaces () From te result, we ca see te varace assocated wt te estmate of s less ta Var srs 68ppm. Sce all tree sample survey desgs provde a ubased estmate of, te best desg wt regard to statstcal precso ad accuracy s stratfed radom samplg wt optmum allocato. Now, f oe were actually performg a sample survey, t would be ecessary to ave a mmum of elemets for eac stratum, tat s,. Te reaso s tat oe would eed to estmate te varace for eac stratum. I ts case, f = 0, te wt proportoal allocato, we mgt pck: =, =, =, =; wereas wt optmum allocato we mgt pck: =, =, =, =. 0

21 Varace of Stratfed Radom Samplg Approaces () Tese ew umbers would cage te varace calculated above, but te relatve order would stll be: Var Var Var stro str P srs Te reaso for ts order ca be uderstad as follows. Te varace of te sample mea dstrbuto reflects te dfferece betwee te values of all possble sample meas.

22 Importat Messages () If eac sample s costructed suc tat a wde rage of elemetal values s draw to te sample, tere wll be less of a dfferece betwee sample mea values. Tat s, by creasg varablty wt te samples, we decrease varablty betwee samples wt regard to te value of te sample mea. Uder smple radom samplg wt = 0, t s possble to ave a sample of 0 8-our TWAs assocated wt oe type of day. Clearly, te sample mea based o 0 8-our TWAs draw from te day type # dstrbuto would be very dfferet from te sample mea based o 0 8-our TWAs draw from te day type # dstrbuto. Hece, smple radom samplg permts large dffereces betwee values of te sample mea.

23 Importat Messages () I cotrast, uder te stratfed survey desgs, t s assured tat a wde rage of elemetal values s bult to te composte sample. It s stll possble to obta a sample wt 0 g values or 0 low values, but suc samples arse muc less frequetly compared to smple radom samplg. Furter, te optmum allocato desg assures more varablty wt te composte sample ta te proportoal allocato desg, because te optmum desg samples more eavly from tose strata wc ave greater wt-stratum varablty.

Types of Sampling Plans. Types of Sampling Plans. Sampling Procedures. Probability Samples -Simple Random sample -Stratified sample -Cluster sample

Types 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 information

Consult the following resources to familiarize yourself with the issues involved in conducting surveys:

Consult 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 information

b. (6 pts) State the simple linear regression models for these two regressions: Y regressed on X, and Z regressed on X.

b. (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 information

1036: Probability & Statistics

1036: 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 information

Probability and Statistical Methods. Chapter 8 Fundamental Sampling Distributions

Probability 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 information

Probability and Statistical Methods. Chapter 8 Fundamental Sampling Distributions

Probability 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 information

Gene Expression Data Analysis (II) statistical issues in spotted arrays

Gene 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 information

Valuation of Asian Option

Valuation 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 information

? Economical statistics

? 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 information

Deriving & Understanding the Variance Formulas

Deriving & 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 information

IEOR 130 Methods of Manufacturing Improvement Fall, 2017 Prof. Leachman Solutions to First Homework Assignment

IEOR 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 information

TOPIC 7 ANALYSING WEIGHTED DATA

TOPIC 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 information

Mathematics 1307 Sample Placement Examination

Mathematics 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 information

= 1. UCLA STAT 13 Introduction to Statistical Methods for the Life and Health Sciences. Parameters and Statistics. Measures of Centrality

= 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

Regional Workshop on use of Sampling for Agricultural Census and Surveys May, 2012, Bangkok, Thailand

Regional Workshop on use of Sampling for Agricultural Census and Surveys May, 2012, Bangkok, Thailand Regoal Worksop o use of Samplg for Agrcultural Cesus ad Surveys 4-8 ay, 0, Bagkok, Talad REFERECE ATERIAL O SAPLIG ETHODS Food ad Agrculture Orgazato of te Uted atos Statstcs Dvso Idex I. SAPLIG SCHEES.

More information

Random Variables. Discrete Random Variables. Example of a random variable. We will look at: Nitrous Oxide Example. Nitrous Oxide Example

Random 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 information

CHAPTER - IV STANDARDIZED CUSUM MEDIAN CONTROL CHART

CHAPTER - 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 information

Regional Workshop on the Use of Sampling in Agricultural Surveys

Regional Workshop on the Use of Sampling in Agricultural Surveys Regoal Worksop o te Use of Samplg Agrcultural Surveys MOTEVIDEO, URUGUAY, 0 4 Jue 0 REFERECE MATERIAL O SAMPLIG METHODS * FOOD AD AGRICULTURE ORGAIZATIO OF THE UITED ATIOS * Prepared by A.K. Srvastava,

More information

Sorting. Data Structures LECTURE 4. Comparison-based sorting. Sorting algorithms. Quick-Sort. Example (1) Pivot

Sorting. 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 information

- Inferential: methods using sample results to infer conclusions about a larger pop n.

- Inferential: methods using sample results to infer conclusions about a larger pop n. 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

More information

A cooperative game theory approach for the equal profit and risk allocation

A cooperative game theory approach for the equal profit and risk allocation Recet Researces Crcuts, Systems, Commucatos ad Computers A cooperatve game teory approac for te equal proft ad rsk allocato Ataasos C. Karmpers, Aastasos Sotrcos, Kostatos Aravosss, ad Ilas P. Tatsopoulos

More information

Optimal Reliability Allocation

Optimal 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 information

SCEA CERTIFICATION EXAM: PRACTICE QUESTIONS AND STUDY AID

SCEA 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 information

Chapter 4. More Interest Formulas

Chapter 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 information

Chapter 4. More Interest Formulas

Chapter 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 information

Forecasting the Movement of Share Market Price using Fuzzy Time Series

Forecasting 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 information

Lecture 9 February 21

Lecture 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 information

MOMENTS EQUALITIES FOR NONNEGATIVE INTEGER-VALUED RANDOM VARIABLES

MOMENTS EQUALITIES FOR NONNEGATIVE INTEGER-VALUED RANDOM VARIABLES MOMENTS EQUALITIES FOR NONNEGATIVE INTEGER-VALUED RANDOM VARIABLES MOHAMED I RIFFI ASSOCIATE PROFESSOR OF MATHEMATICS DEPARTMENT OF MATHEMATICS ISLAMIC UNIVERSITY OF GAZA GAZA, PALESTINE Abstract. We preset

More information

Application of Portfolio Theory to Support Resource Allocation Decisions for Biosecurity

Application 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 information

AMS Final Exam Spring 2018

AMS 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 information

Overview. Linear Models Connectionist and Statistical Language Processing. Numeric Prediction. Example

Overview. 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 information

Inferential: methods using sample results to infer conclusions about a larger population.

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

Emergency Food Security Assessments (EFSAs) Technical Guidance Sheet No. 11 1

Emergency Food Security Assessments (EFSAs) Technical Guidance Sheet No. 11 1 Emergecy Food Securty Assessmets (EFSAs) Techcal gudace sheet. Usg the T-square samplg method to estmate populato sze, demographcs ad other characterstcs emergecy food securty assessmets (EFSAs) Table

More information

Allocating Risk Dollars Back to Individual Cost Elements

Allocating 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 information

Online Encoding Algorithm for Infinite Set

Online Encoding Algorithm for Infinite Set Ole Ecodg Algorthm for Ifte Set Natthapo Puthog, Athast Surarers ELITE (Egeerg Laboratory Theoretcal Eumerable System) Departmet of Computer Egeerg Faculty of Egeerg, Chulalogor Uversty, Pathumwa, Bago,

More information

Monetary fee for renting or loaning money.

Monetary 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 information

An Efficient Estimator Improving the Searls Normal Mean Estimator for Known Coefficient of Variation

An 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 information

Supplemental notes for topic 9: April 4, 6

Supplemental notes for topic 9: April 4, 6 Sta-30: Probablty Sprg 017 Supplemetal otes for topc 9: Aprl 4, 6 9.1 Polyomal equaltes Theorem (Jese. If φ s a covex fucto the φ(ex Eφ(x. Theorem (Beaymé-Chebyshev. For ay radom varable x, ɛ > 0 P( x

More information

Number of Municipalities. Funding (Millions) $ April 2003 to July 2003

Number of Municipalities. Funding (Millions) $ April 2003 to July 2003 Introduction Te Department of Municipal and Provincial Affairs is responsible for matters relating to local government, municipal financing, urban and rural planning, development and engineering, and coordination

More information

Complex Survey Sample Design in IRS' Multi-objective Taxpayer Compliance Burden Studies

Complex Survey Sample Design in IRS' Multi-objective Taxpayer Compliance Burden Studies Complex Survey Sample Design in IRS' Multi-objective Taxpayer Compliance Burden Studies Jon Guyton Wei Liu Micael Sebastiani Internal Revenue Service, Office of Researc, Analysis & Statistics 1111 Constitution

More information

GAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY INTERVENTION PROGRAMME MATHEMATICS GRADE 12 SESSION 3 (LEARNER NOTES)

GAUTENG 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 information

. (The calculated sample mean is symbolized by x.)

. (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 information

COMPARISON OF APPROACHES TO TESTING EQUALITY OF EXPECTATIONS AMONG SAMPLES FROM POISSON AND NEGATIVE BINOMIAL DISTRIBUTION

COMPARISON 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 information

Coordination of multi-agents with a revenuecost-sharing mechanism: A cooperative game theory approach

Coordination of multi-agents with a revenuecost-sharing mechanism: A cooperative game theory approach INTERNATIONAL JOURNAL OF MATHEMATIL MODELS AND METHODS IN APPLIED SCIENCES Coordato of multagets wt a reveuecostsarg mecasm: A cooperatve game teory approac Ataasos C. Karmpers, Kostatos Aravosss, Aastasos

More information

EXAMINATIONS OF THE HONG KONG STATISTICAL SOCIETY

EXAMINATIONS OF THE HONG KONG STATISTICAL SOCIETY EXAMINATIONS OF THE HONG KONG STATISTICAL SOCIETY HIGHER CERTIFICATE IN STATISTICS, 2012 MODULE 8 : Survey sampling and estimation Time allowed: One and a alf ours Candidates sould answer THREE questions.

More information

Detection of motor imagery EEG signals employing Naïve Bayes based learning process

Detection of motor imagery EEG signals employing Naïve Bayes based learning process Detecto of motor magery EEG sgals employg aïve Bayes based learg process Suly, Hua Wag ad Yacu Zag Cetre for Appled Iformatcs, College of Egeerg & Scece Vctora Uversty, Melboure, Australa suly.suly@vu.edu.au

More information

Linear regression II

Linear regression II CS 75 Mache Learg Lecture 9 Lear regresso II Mlos Hauskrecht mlos@cs.ptt.eu 539 Seott Square Lear regresso Fucto f : X Y Y s a lear combato of put compoets f ( w w w w w w, w, w k - parameters (weghts

More information

Confidence Intervals. CI for a population mean (σ is known and n > 30 or the variable is normally distributed in the.

Confidence Intervals. CI for a population mean (σ is known and n > 30 or the variable is normally distributed in the. Cofidece Itervals A cofidece iterval is a iterval whose purpose is to estimate a parameter (a umber that could, i theory, be calculated from the populatio, if measuremets were available for the whole populatio).

More information

0.07 (12) i 1 1 (12) 12n. *Note that N is always the number of payments, not necessarily the number of years. Also, for

0.07 (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 information

The Application of Asset Pricing to Portfolio Management

The Application of Asset Pricing to Portfolio Management Clemso Ecoomcs The Applcato of Asset Prcg to Portfolo Maagemet The Nature of the Problem Portfolo maagers have two basc problems. Frst they must determe whch assets to hold a portfolo, ad secod, they must

More information

Confidence Intervals Introduction

Confidence 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

FINANCIAL MATHEMATICS : GRADE 12

FINANCIAL 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 information

Kernel Density Estimation. Let X be a random variable with continuous distribution F (x) and density f(x) = d

Kernel Density Estimation. Let X be a random variable with continuous distribution F (x) and density f(x) = d Kerel Desity Estimatio Let X be a radom variable wit cotiuous distributio F (x) ad desity f(x) = d dx F (x). Te goal is to estimate f(x). Wile F (x) ca be estimated by te EDF ˆF (x), we caot set ˆf(x)

More information

SUPPLEMENT TO BOOTSTRAPPING REALIZED VOLATILITY (Econometrica, Vol. 77, No. 1, January, 2009, )

SUPPLEMENT TO BOOTSTRAPPING REALIZED VOLATILITY (Econometrica, Vol. 77, No. 1, January, 2009, ) Econometrca Supplementary Materal SUPPLEMENT TO BOOTSTRAPPING REALIZED VOLATILITY Econometrca, Vol. 77, No. 1, January, 009, 83 306 BY SÍLVIA GONÇALVES AND NOUR MEDDAHI THIS SUPPLEMENT IS ORGANIZED asfollows.frst,wentroducesomenotaton.

More information

Calculus I Homework: Four Ways to Represent a Function Page 1. where h 0 and f(x) = x x 2.

Calculus I Homework: Four Ways to Represent a Function Page 1. where h 0 and f(x) = x x 2. Calculus I Homework: Four Ways to Represent a Function Page 1 Questions Example Find f(2 + ), f(x + ), and f(x + ) f(x) were 0 and f(x) = x x 2. Example Find te domain and sketc te grap of te function

More information

ATutorialonParticleFilteringandSmoothing: Fifteen years later

ATutorialonParticleFilteringandSmoothing: Fifteen years later ATutoraloPartcleFltergadSmoothg: Fftee years later Araud Doucet The Isttute of Statstcal Mathematcs, 4-6-7 Mam-Azabu, Mato-ku, Tokyo 06-8569, Japa Emal: Araud@smacjp Adam M Johase Departmet of Statstcs,

More information

0.07. i PV Qa Q Q i n. Chapter 3, Section 2

0.07. 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 information

STATIC GAMES OF INCOMPLETE INFORMATION

STATIC 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 information

Non-parametric Analysis of Covariance The Case of Inhomogeneous and Heteroscedastic Noise

Non-parametric Analysis of Covariance The Case of Inhomogeneous and Heteroscedastic Noise do: 0./j.467-9469.006.00535.x Board of te Foudato of te Scadava Joural of Statstcs 006. Publsed by Blackwell Publsg Ltd, 9600 Garsgto Road, Oxford OX4 DQ, U ad 350 Ma Street, Malde, MA 048, USA, 006 o-parametrc

More information

Applying Alternative Variance Estimation Methods for Totals Under Raking in SOI s Corporate Sample

Applying Alternative Variance Estimation Methods for Totals Under Raking in SOI s Corporate Sample Applying Alternative Variance Estimation Metods for Totals Under Raking in SOI s Corporate Sample Kimberly Henry 1, Valerie Testa 1, and Ricard Valliant 2 1 Statistics of Income, P.O. Box 2608, Wasngton

More information

LECTURE 5: Quadratic classifiers

LECTURE 5: Quadratic classifiers LECURE 5: Quadratc classfers Bayes classfers for Normally dstrbuted classes Case : σ I Case : ( daoal) Case : ( o-daoal) Case : σ I Case 5: j eeral case Numercal example Lear ad quadratc classfers: coclusos

More information

0.1 Valuation Formula:

0.1 Valuation Formula: 0. Valuatio Formula: 0.. Case of Geeral Trees: q = er S S S 3 S q = er S S 4 S 5 S 4 q 3 = er S 3 S 6 S 7 S 6 Therefore, f (3) = e r [q 3 f (7) + ( q 3 ) f (6)] f () = e r [q f (5) + ( q ) f (4)] = f ()

More information

Chapter 7 The Pricing of Second Generation Exotics

Chapter 7 The Pricing of Second Generation Exotics Capter 7 Te Prcg of Secod Geerato Exotcs by JuÈrge Hakala, Gsla Persse ad To Sege After valla optos ad te rst geerato exotcs some more exotc optos are of specal terest for some clets. Here we preset a

More information

MULTI-ASPIRATION GOAL PROGRAMMING FORMULATION

MULTI-ASPIRATION GOAL PROGRAMMING FORMULATION Iteratoal Joural of Idustral Egeerg, 9(2), 456-463, 202. MULTI-ASPIRATION GOAL PROGRAMMING FORMULATION Hosse Kar, Med Attarpour Departet of Idustral Egeerg, K.N. Toos Uversty of Tecology, Tera, Ira, Postal

More information

What are Swaps? Spring Stephen Sapp ISFP. Stephen Sapp

What are Swaps? Spring Stephen Sapp ISFP. Stephen Sapp Wat are Swaps? Spring 2013 Basic Idea of Swaps I ave signed up for te Wine of te Mont Club and you ave signed up for te Beer of te Mont Club. As winter approaces, I would like to ave beer but you would

More information

A point estimate is the value of a statistic that estimates the value of a parameter.

A 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 information

The Prediction Error of Bornhuetter-Ferguson

The 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 information

2.15 Province of Newfoundland and Labrador Pooled Pension Fund

2.15 Province of Newfoundland and Labrador Pooled Pension Fund Introduction Te Province of Newfoundland and Labrador sponsors defined benefit pension plans for its full-time employees and tose of its agencies, boards and commissions, and for members of its Legislature.

More information

Algorithm 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

Algorithm 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 information

May 2005 Exam Solutions

May 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 information

CS 840 Fall 2018 Self-Organizing Binary Search Trees: Unit 3

CS 840 Fall 2018 Self-Organizing Binary Search Trees: Unit 3 S 840 Fall 2018 Self-Orgag ar Search Trees: Ut 3 The sae questos ca be asked bar search trees. Gve a sequece of access queres, what s the best wa to orgae the search tree [referece: ore Leserso, Rvest

More information

Estimating Proportions with Confidence

Estimating 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 information

What are Swaps? Basic Idea of Swaps. What are Swaps? Advanced Corporate Finance

What are Swaps? Basic Idea of Swaps. What are Swaps? Advanced Corporate Finance Wat are Swaps? Spring 2008 Basic Idea of Swaps A swap is a mutually beneficial excange of cas flows associated wit a financial asset or liability. Firm A gives Firm B te obligation or rigts to someting

More information

ON MAXIMAL IDEAL OF SKEW POLYNOMIAL RINGS OVER A DEDEKIND DOMAIN

ON 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 information

Math 373 Fall 2013 Homework Chapter 4

Math 373 Fall 2013 Homework Chapter 4 Math 373 Fall 2013 Hoework Chapter 4 Chapter 4 Secto 5 1. (S09Q3)A 30 year auty edate pays 50 each quarter of the frst year. It pays 100 each quarter of the secod year. The payets cotue to crease aually

More information

CHAPTER 8. r E( r ) m e. Reduces the number of inputs for diversification. Easier for security analysts to specialize

CHAPTER 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 information

8.0% 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

8.0% 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 information

CS 541 Algorithms and Programs. Exam 1 Solutions

CS 541 Algorithms and Programs. Exam 1 Solutions CS 5 Algortms and Programs Exam Solutons Jonatan Turner 9/5/0 Be neat and concse, ut complete.. (5 ponts) An ncomplete nstance of te wgrap data structure s sown elow. Fll n te mssng felds for te adjacency

More information

Prediction Error of the Future Claims Component of Premium Liabilities under the Loss Ratio Approach. International Regulatory Changes

Prediction 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 information

Exercise 1: Robinson Crusoe who is marooned on an island in the South Pacific. He can grow bananas and coconuts. If he uses

Exercise 1: Robinson Crusoe who is marooned on an island in the South Pacific. He can grow bananas and coconuts. If he uses Jon Riley F Maimization wit a single constraint F5 Eercises Eercise : Roinson Crusoe wo is marooned on an isl in te Sout Pacific He can grow ananas coconuts If e uses z acres to produce ananas z acres

More information

ME 310 Numerical Methods. Differentiation

ME 310 Numerical Methods. Differentiation M 0 Numercal Metods fferentaton Tese presentatons are prepared by r. Cuneyt Sert Mecancal ngneerng epartment Mddle ast Tecncal Unversty Ankara, Turkey csert@metu.edu.tr Tey can not be used wtout te permsson

More information

Supplementary Material for Borrowing Information across Populations in Estimating Positive and Negative Predictive Values

Supplementary Material for Borrowing Information across Populations in Estimating Positive and Negative Predictive Values Supplementary Materal for Borrong Informaton across Populatons n Estmatng Postve and Negatve Predctve Values Yng Huang, Youy Fong, Jon We $, and Zdng Feng Fred Hutcnson Cancer Researc Center, Vaccne &

More information

Inferential Statistics and Probability a Holistic Approach. Inference Process. Inference Process. Chapter 8 Slides. Maurice Geraghty,

Inferential 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 information

Buildings and Properties

Buildings and Properties Introduction Figure 1 Te Department of Transportation and Works (formerly te Department of Works, Services and Transportation) is responsible for managing and maintaining approximately 650,000 square metres

More information

A Coverage Probability on the Parameters of the Log-Normal Distribution in the Presence of Left-Truncated and Right- Censored Survival Data ABSTRACT

A Coverage Probability on the Parameters of the Log-Normal Distribution in the Presence of Left-Truncated and Right- Censored Survival Data ABSTRACT Malaysa Joural of Mathematcal Sceces 9(1): 17-144 (015) MALAYSIAN JOURNAL OF MATHEMATICAL SCIENCES Joural homepage: http://espem.upm.edu.my/joural A Coverage Probablty o the Parameters of the Log-Normal

More information

A Test of Normality. Textbook Reference: Chapter 14.2 (eighth edition, pages 591 3; seventh edition, pages 624 6).

A 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 information

Comparison of Methods for Sensitivity and Uncertainty Analysis of Signalized Intersections Analyzed with HCM

Comparison of Methods for Sensitivity and Uncertainty Analysis of Signalized Intersections Analyzed with HCM Comparso of Methods for Sestvty ad Ucertaty Aalyss of Sgalzed Itersectos Aalyzed wth HCM aoj (Jerry) J Ph.D. Caddate xj@hawa.edu ad Paos D. Prevedouros, Ph.D. * Assocate Professor Departmet of Cvl ad Evrometal

More information

APPENDIX M: NOTES ON MOMENTS

APPENDIX 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 information

Building a Dynamic Two Dimensional Heat Transfer Model part #1

Building a Dynamic Two Dimensional Heat Transfer Model part #1 Buildig a Dyamic Two Dimesioal Heat Trasfer Model part #1 - Tis is te first alf of a tutorial wic sows ow to build a basic dyamic eat coductio model of a square plate. Te same priciple could be used to

More information

MEASURING THE FOREIGN EXCHANGE RISK LOSS OF THE BANK

MEASURING 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 information

By choosing to view this document, you agree to all provisions of the copyright laws protecting it.

By choosing to view this document, you agree to all provisions of the copyright laws protecting it. Copyrght 203 IEEE. Reprted, wth permsso, from Dgzhou Cao, Yu Su ad Huaru Guo, Optmzg Mateace Polces based o Dscrete Evet Smulato ad the OCBA Mechasm, 203 Relablty ad Mataablty Symposum, Jauary, 203. Ths

More information

Annual compounding, revisited

Annual compounding, revisited Sectio 1.: No-aual compouded iterest MATH 105: Cotemporary Mathematics Uiversity of Louisville August 2, 2017 Compoudig geeralized 2 / 15 Aual compoudig, revisited The idea behid aual compoudig is that

More information

Lecture 4: Probability (continued)

Lecture 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 information

Topic-7. Large Sample Estimation

Topic-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 information

point estimator a random variable (like P or X) whose values are used to estimate a population parameter

point 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 information

Lecture 5: Sampling Distribution

Lecture 5: Sampling Distribution Lecture 5: Samplig Distributio Readigs: Sectios 5.5, 5.6 Itroductio Parameter: describes populatio Statistic: describes the sample; samplig variability Samplig distributio of a statistic: A probability

More information

1. Suppose X is a variable that follows the normal distribution with known standard deviation σ = 0.3 but unknown mean µ.

1. Suppose X is a variable that follows the normal distribution with known standard deviation σ = 0.3 but unknown mean µ. Chapter 9 Exercises Suppose X is a variable that follows the ormal distributio with kow stadard deviatio σ = 03 but ukow mea µ (a) Costruct a 95% cofidece iterval for µ if a radom sample of = 6 observatios

More information

The Complexity of General Equilibrium

The 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 information

PORTFOLIO OPTIMIZATION IN THE FRAMEWORK MEAN VARIANCE -VAR

PORTFOLIO OPTIMIZATION IN THE FRAMEWORK MEAN VARIANCE -VAR Lecturer Floret SERBAN, PhD Professor Vorca STEFANESCU, PhD Departmet of Mathematcs The Bucharest Academy of Ecoomc Studes Professor Massmlao FERRARA, PhD Departmet of Mathematcs Uversty of Reggo Calabra,

More information

6. Loss systems. ELEC-C7210 Modeling and analysis of communication networks 1

6. 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 information