Measures of Dispersion, Skew, & Kurtosis (based on Kirk, Ch. 4) {to be used in conjunction with Measures of Dispersion Chart }

Size: px
Start display at page:

Download "Measures of Dispersion, Skew, & Kurtosis (based on Kirk, Ch. 4) {to be used in conjunction with Measures of Dispersion Chart }"

Transcription

1 Percetles Psych 54, 9/8/05 p. /6 Measures of Dsperso, kew, & Kurtoss (based o Krk, Ch. 4) {to be used cojucto wth Measures of Dsperso Chart } percetle (P % ): a score below whch a specfed percetage of scores falls (start wth a percet, ad covert to a score) vs. percetle rak (P R ): percetage of scores that falls below a gve score (start wth a score, ad covert to a percet)...we wll retur to ths topc later whe computg the meda, we are terested computg the 50 th percetle (P 50 ) / fb recall (from revew): Md = P 50 = X ll + ( ), where: f X ll s the real lower lmt of the terval cotag the meda (the logc s that you are startg at the bottom of the terval ad coutg up to t) s the sze of the class terval ( f you are workg wth ugrouped dstrbutos) s the umber of scores the etre dstrbuto (thus, / s the locato of the mdpot) Σf b s the umber of scores below X ll (ths tells you how may scores up from the bottom that you ve already come...so, takg ths away from / tells you how may more scores you have to go) f s the umber of scores there are the terval cotag the meda (ths tells you how may peces to dvde that terval to) Example: X = {4, 4, 4, 5, 5, 5, 5, 6, 7, 8, 8} Md (X) = Whe computg the sem-terquartle rage (Q), we eed the 5 th ad 75 th percetles (P 5 ad P 75 ). The formula for the meda ca be geeralzed to apply to ay percetle, cludg the 5 th ad 75 th :

2 Psych 54, 9/8/05 p. /6 ( PR /00) f b P % = X ll + ( ), where: f X ll s the real lower lmt of the terval cotag the percetle of terest (the logc s that you are startg at the bottom of the terval ad coutg up to t); cosder the sample sze to determe what terval (whe workg wth raw, ugrouped data, ths s just a score) to work wth (e.g., e.g. f you have 0 cases, the 5 th percetle s assocated wth the.5(0) =.5 th case...use the real lower lmt of the terval cotag the.5 th case) s the sze of the class terval ( f you are workg wth ugrouped dstrbutos) s the umber of scores the etre dstrbuto P R s the percetle rak you are workg wth (ths s 50 for the meda/q, 5 for Q, 75 for Q 3, etc.); thus, (P R /00) tells you how may cases to the dstrbuto (from the bottom) you must come to get to the case of terest (you actually use ths to get X ll ) Σf b s the umber of scores below X ll (ths tells you how may scores up from the bottom that you ve already come...so, takg ths away from (P R /00) tells you how may more scores you have to go) f s the umber of scores there are the terval cotag the percetle of terest (ths tells you how may peces to dvde that terval to) Example: X = {4, 4, 4, 5, 5, 5, 5, 6, 7, 8, 8} Q 3 = Q = Q =

3 Psych 54, 9/8/05 p. 3/6 problem: statstcal packages compute percetles dfferetly from each other (ad from the above method) * see quartlesmore.html f you have further terest ths topc * ote that P teds to gve more extreme values (.e., percetles that are further away from the meda), whle Excel teds to gve less extreme values (.e., percetles that are closer to the meda); ether program uses the algorthm preseted above (ote, however, that the above algorthm s thought to be the best for ormal dstrbutos) percetle rak: aga, here we are gog from a score to a percet, so we just solve for P R the above equato: P R 00 f ( P X = ( f ( % b + ll ) )) Example: Usg the above data set, fd the percetle rak for the score of 8. More o tadard Devato Calculatg tadard Devato: Recall that the D approxmates the average dstace of scores from the mea (devatos). Why ot just take the true average of these devatos? The mea s the balacg pot of all scores...there are equal postve devatos ad egatve devatos, so the sum of all devatos s equal to zero...always!...so ths wo t gve us ay terestg formato. Why ot take the absolute value of the devatos? Ths s the rght dea, but mathematcas have foud that the resultg values do ot work well wth more advaced calculatos (they are ot mathematcally tractable) What s the soluto? Frst square all the devatos ad sum them (ths gves us the sums of squares, ). The, take the average ad covert back to orgal uts by takg the square root. Varatos o the tadard Devato Formula: The formula gve the chart s for fdg the stadard devato for a sample. It s purely a descrptve statstc:

4 Psych 54, 9/8/05 p. 4/6 = = We may also be terested fdg the stadard devato for a kow populato. I ths case, the formula s the same, but ow we re comparg dvdual scores to a populato mea stead of a sample mea: σ = = μ) If our ultmate terest s drawg a ferece about a populato based o a sample, we must use a slghtly dfferet formula. tatstcas (who make up populatos ad draw samples from these populatos) have foud that the formula for wll uderestmate the true populato stadard devato. They have foud that dvdg by - (stead of ) compesates for ths bas. = ˆ σ = For ay of the above formulas for stadard devato, t s oteworthy that a rawscore formula may also be appled. Below s the case for the sample D: = = X ( = X ) Ths formula makes calculatos easer (especally whe there are may cases), but t s ot as coceptually meagful as the devato formula. Effects of Lear Trasformatos of cores o tadard Devato What happes whe we add a costat to all scores?

5 Psych 54, 9/8/05 p. 5/6 What happes whe we multply each score by a costat? tadard Devato ad the Normal Curve (see Krk, p. 5) Varace Varace s aother measure of dsperso that s ofte used feretal statstcs. It s smply the D squared ad s represeted by, σ, or σˆ. For example: = = kew kew refers to the asymmetry of a dstrbuto ad ca be computed as:

6 Psych 54, 9/8/05 p. 6/6 k = = 3 3 Note that the devatos the umerator of the formula are cubed. Ths meas that each score ca cotrbute a egatve (scores to the left of the mea) or postve (scores to the rght of the mea) value to k. Also ote that the farther out a score s (.e., the tal), the greater pull t wll have o the value of k. For example, f the mea s 50, a score of 5 wll add to the sum of the cubed devatos, but a score of 5 wll add -5 3, or -5,65 to ths sum. If there are a lot of relatvely extreme scores oe tal, the skew formula wll reflect ths. Negatve kew (-) ymmetrcal (0) Postve kew (+) Kurtoss Kurtoss reflects how peaked or flat a dstrbuto s ad s calculated as: Kur = = platykurtc (-) mesokurtk (0) leptokurtc (+) Examples (use data from chart): k= Kur =

STATISTICAL PROPERTIES OF LEAST SQUARES ESTIMATORS. x, where. = y - ˆ " 1

STATISTICAL PROPERTIES OF LEAST SQUARES ESTIMATORS. x, where. = y - ˆ  1 STATISTICAL PROPERTIES OF LEAST SQUARES ESTIMATORS Recall Assumpto E(Y x) η 0 + η x (lear codtoal mea fucto) Data (x, y ), (x 2, y 2 ),, (x, y ) Least squares estmator ˆ E (Y x) ˆ " 0 + ˆ " x, where ˆ

More information

1. The Time Value of Money

1. The Time Value of Money Corporate Face [00-0345]. The Tme Value of Moey. Compoudg ad Dscoutg Captalzato (compoudg, fdg future values) s a process of movg a value forward tme. It yelds the future value gve the relevat compoudg

More information

ANOVA Notes Page 1. Analysis of Variance for a One-Way Classification of Data

ANOVA Notes Page 1. Analysis of Variance for a One-Way Classification of Data ANOVA Notes Page Aalss of Varace for a Oe-Wa Classfcato of Data Cosder a sgle factor or treatmet doe at levels (e, there are,, 3, dfferet varatos o the prescrbed treatmet) Wth a gve treatmet level there

More information

Simple Linear Regression

Simple Linear Regression Smple Lear Regresso Regresso equato a equato that descrbes the average relatoshp betwee a respose (depedet) ad a eplaator (depedet) varable. 6 8 Slope-tercept equato for a le m b (,6) slope. (,) 6 6 8

More information

Average Price Ratios

Average Price Ratios Average Prce Ratos Morgstar Methodology Paper August 3, 2005 2005 Morgstar, Ic. All rghts reserved. The formato ths documet s the property of Morgstar, Ic. Reproducto or trascrpto by ay meas, whole or

More information

MDM 4U PRACTICE EXAMINATION

MDM 4U PRACTICE EXAMINATION MDM 4U RCTICE EXMINTION Ths s a ractce eam. It does ot cover all the materal ths course ad should ot be the oly revew that you do rearato for your fal eam. Your eam may cota questos that do ot aear o ths

More information

Preprocess a planar map S. Given a query point p, report the face of S containing p. Goal: O(n)-size data structure that enables O(log n) query time.

Preprocess a planar map S. Given a query point p, report the face of S containing p. Goal: O(n)-size data structure that enables O(log n) query time. Computatoal Geometry Chapter 6 Pot Locato 1 Problem Defto Preprocess a plaar map S. Gve a query pot p, report the face of S cotag p. S Goal: O()-sze data structure that eables O(log ) query tme. C p E

More information

Classic Problems at a Glance using the TVM Solver

Classic Problems at a Glance using the TVM Solver C H A P T E R 2 Classc Problems at a Glace usg the TVM Solver The table below llustrates the most commo types of classc face problems. The formulas are gve for each calculato. A bref troducto to usg the

More information

ADAPTATION OF SHAPIRO-WILK TEST TO THE CASE OF KNOWN MEAN

ADAPTATION OF SHAPIRO-WILK TEST TO THE CASE OF KNOWN MEAN Colloquum Bometrcum 4 ADAPTATION OF SHAPIRO-WILK TEST TO THE CASE OF KNOWN MEAN Zofa Hausz, Joaa Tarasńska Departmet of Appled Mathematcs ad Computer Scece Uversty of Lfe Sceces Lubl Akademcka 3, -95 Lubl

More information

CHAPTER 2. Time Value of Money 6-1

CHAPTER 2. Time Value of Money 6-1 CHAPTER 2 Tme Value of Moey 6- Tme Value of Moey (TVM) Tme Les Future value & Preset value Rates of retur Autes & Perpetutes Ueve cash Flow Streams Amortzato 6-2 Tme les 0 2 3 % CF 0 CF CF 2 CF 3 Show

More information

The simple linear Regression Model

The simple linear Regression Model The smple lear Regresso Model Correlato coeffcet s o-parametrc ad just dcates that two varables are assocated wth oe aother, but t does ot gve a deas of the kd of relatoshp. Regresso models help vestgatg

More information

ISyE 512 Chapter 7. Control Charts for Attributes. Instructor: Prof. Kaibo Liu. Department of Industrial and Systems Engineering UW-Madison

ISyE 512 Chapter 7. Control Charts for Attributes. Instructor: Prof. Kaibo Liu. Department of Industrial and Systems Engineering UW-Madison ISyE 512 Chapter 7 Cotrol Charts for Attrbutes Istructor: Prof. Kabo Lu Departmet of Idustral ad Systems Egeerg UW-Madso Emal: klu8@wsc.edu Offce: Room 3017 (Mechacal Egeerg Buldg) 1 Lst of Topcs Chapter

More information

Measures of Central Tendency: Basic Statistics Refresher. Topic 1 Point Estimates

Measures of Central Tendency: Basic Statistics Refresher. Topic 1 Point Estimates Basc Statstcs Refresher Basc Statstcs: A Revew by Alla T. Mese, Ph.D., PE, CRE Ths s ot a tetbook o statstcs. Ths s a refresher that presumes the reader has had some statstcs backgroud. There are some

More information

Numerical Methods with MS Excel

Numerical Methods with MS Excel TMME, vol4, o.1, p.84 Numercal Methods wth MS Excel M. El-Gebely & B. Yushau 1 Departmet of Mathematcal Sceces Kg Fahd Uversty of Petroleum & Merals. Dhahra, Saud Araba. Abstract: I ths ote we show how

More information

n. We know that the sum of squares of p independent standard normal variables has a chi square distribution with p degrees of freedom.

n. We know that the sum of squares of p independent standard normal variables has a chi square distribution with p degrees of freedom. UMEÅ UNIVERSITET Matematsk-statstska sttutoe Multvarat dataaalys för tekologer MSTB0 PA TENTAMEN 004-0-9 LÖSNINGSFÖRSLAG TILL TENTAMEN I MATEMATISK STATISTIK Multvarat dataaalys för tekologer B, 5 poäg.

More information

Curve Fitting and Solution of Equation

Curve Fitting and Solution of Equation UNIT V Curve Fttg ad Soluto of Equato 5. CURVE FITTING I ma braches of appled mathematcs ad egeerg sceces we come across epermets ad problems, whch volve two varables. For eample, t s kow that the speed

More information

IDENTIFICATION OF THE DYNAMICS OF THE GOOGLE S RANKING ALGORITHM. A. Khaki Sedigh, Mehdi Roudaki

IDENTIFICATION OF THE DYNAMICS OF THE GOOGLE S RANKING ALGORITHM. A. Khaki Sedigh, Mehdi Roudaki IDENIFICAION OF HE DYNAMICS OF HE GOOGLE S RANKING ALGORIHM A. Khak Sedgh, Mehd Roudak Cotrol Dvso, Departmet of Electrcal Egeerg, K.N.oos Uversty of echology P. O. Box: 16315-1355, ehra, Ira sedgh@eetd.ktu.ac.r,

More information

T = 1/freq, T = 2/freq, T = i/freq, T = n (number of cash flows = freq n) are :

T = 1/freq, T = 2/freq, T = i/freq, T = n (number of cash flows = freq n) are : Bullets bods Let s descrbe frst a fxed rate bod wthout amortzg a more geeral way : Let s ote : C the aual fxed rate t s a percetage N the otoal freq ( 2 4 ) the umber of coupo per year R the redempto of

More information

10.5 Future Value and Present Value of a General Annuity Due

10.5 Future Value and Present Value of a General Annuity Due Chapter 10 Autes 371 5. Thomas leases a car worth $4,000 at.99% compouded mothly. He agrees to make 36 lease paymets of $330 each at the begg of every moth. What s the buyout prce (resdual value of the

More information

SHAPIRO-WILK TEST FOR NORMALITY WITH KNOWN MEAN

SHAPIRO-WILK TEST FOR NORMALITY WITH KNOWN MEAN SHAPIRO-WILK TEST FOR NORMALITY WITH KNOWN MEAN Wojcech Zelńsk Departmet of Ecoometrcs ad Statstcs Warsaw Uversty of Lfe Sceces Nowoursyowska 66, -787 Warszawa e-mal: wojtekzelsk@statystykafo Zofa Hausz,

More information

Chapter 3. AMORTIZATION OF LOAN. SINKING FUNDS R =

Chapter 3. AMORTIZATION OF LOAN. SINKING FUNDS R = Chapter 3. AMORTIZATION OF LOAN. SINKING FUNDS Objectves of the Topc: Beg able to formalse ad solve practcal ad mathematcal problems, whch the subjects of loa amortsato ad maagemet of cumulatve fuds are

More information

Chapter Eight. f : R R

Chapter Eight. f : R R Chapter Eght f : R R 8. Itroducto We shall ow tur our atteto to the very mportat specal case of fuctos that are real, or scalar, valued. These are sometmes called scalar felds. I the very, but mportat,

More information

The Gompertz-Makeham distribution. Fredrik Norström. Supervisor: Yuri Belyaev

The Gompertz-Makeham distribution. Fredrik Norström. Supervisor: Yuri Belyaev The Gompertz-Makeham dstrbuto by Fredrk Norström Master s thess Mathematcal Statstcs, Umeå Uversty, 997 Supervsor: Yur Belyaev Abstract Ths work s about the Gompertz-Makeham dstrbuto. The dstrbuto has

More information

How To Value An Annuity

How To Value An Annuity Future Value of a Auty After payg all your blls, you have $200 left each payday (at the ed of each moth) that you wll put to savgs order to save up a dow paymet for a house. If you vest ths moey at 5%

More information

6.7 Network analysis. 6.7.1 Introduction. References - Network analysis. Topological analysis

6.7 Network analysis. 6.7.1 Introduction. References - Network analysis. Topological analysis 6.7 Network aalyss Le data that explctly store topologcal formato are called etwork data. Besdes spatal operatos, several methods of spatal aalyss are applcable to etwork data. Fgure: Network data Refereces

More information

Session 4: Descriptive statistics and exporting Stata results

Session 4: Descriptive statistics and exporting Stata results Itrduct t Stata Jrd Muñz (UAB) Sess 4: Descrptve statstcs ad exprtg Stata results I ths sess we are gg t wrk wth descrptve statstcs Stata. Frst, we preset a shrt trduct t the very basc statstcal ctets

More information

Reinsurance and the distribution of term insurance claims

Reinsurance and the distribution of term insurance claims Resurace ad the dstrbuto of term surace clams By Rchard Bruyel FIAA, FNZSA Preseted to the NZ Socety of Actuares Coferece Queestow - November 006 1 1 Itroducto Ths paper vestgates the effect of resurace

More information

Basic statistics formulas

Basic statistics formulas Wth complmet of tattcmetor.com, the te for ole tattc help Set De Morga Law Bac tattc formula Meaure of Locato Sample mea (AUB) c A c B c Commutatvty & (A B) c A c U B c A U B B U A ad A B B A Aocatvty

More information

CSSE463: Image Recognition Day 27

CSSE463: Image Recognition Day 27 CSSE463: Image Recogto Da 27 Ths week Toda: Alcatos of PCA Suda ght: roject las ad relm work due Questos? Prcal Comoets Aalss weght grth c ( )( ) ( )( ( )( ) ) heght sze Gve a set of samles, fd the drecto(s)

More information

FINANCIAL MATHEMATICS 12 MARCH 2014

FINANCIAL MATHEMATICS 12 MARCH 2014 FINNCIL MTHEMTICS 12 MRCH 2014 I ths lesso we: Lesso Descrpto Make use of logarthms to calculate the value of, the tme perod, the equato P1 or P1. Solve problems volvg preset value ad future value autes.

More information

Report 52 Fixed Maturity EUR Industrial Bond Funds

Report 52 Fixed Maturity EUR Industrial Bond Funds Rep52, Computed & Prted: 17/06/2015 11:53 Report 52 Fxed Maturty EUR Idustral Bod Fuds From Dec 2008 to Dec 2014 31/12/2008 31 December 1999 31/12/2014 Bechmark Noe Defto of the frm ad geeral formato:

More information

of the relationship between time and the value of money.

of the relationship between time and the value of money. TIME AND THE VALUE OF MONEY Most agrbusess maagers are famlar wth the terms compoudg, dscoutg, auty, ad captalzato. That s, most agrbusess maagers have a tutve uderstadg that each term mples some relatoshp

More information

Banking (Early Repayment of Housing Loans) Order, 5762 2002 1

Banking (Early Repayment of Housing Loans) Order, 5762 2002 1 akg (Early Repaymet of Housg Loas) Order, 5762 2002 y vrtue of the power vested me uder Secto 3 of the akg Ordace 94 (hereafter, the Ordace ), followg cosultato wth the Commttee, ad wth the approval of

More information

An Effectiveness of Integrated Portfolio in Bancassurance

An Effectiveness of Integrated Portfolio in Bancassurance A Effectveess of Itegrated Portfolo Bacassurace Taea Karya Research Ceter for Facal Egeerg Isttute of Ecoomc Research Kyoto versty Sayouu Kyoto 606-850 Japa arya@eryoto-uacp Itroducto As s well ow the

More information

Numerical Comparisons of Quality Control Charts for Variables

Numerical Comparisons of Quality Control Charts for Variables Global Vrtual Coferece Aprl, 8. - 2. 203 Nuercal Coparsos of Qualty Cotrol Charts for Varables J.F. Muñoz-Rosas, M.N. Pérez-Aróstegu Uversty of Graada Facultad de Cecas Ecoócas y Epresarales Graada, pa

More information

CH. V ME256 STATICS Center of Gravity, Centroid, and Moment of Inertia CENTER OF GRAVITY AND CENTROID

CH. V ME256 STATICS Center of Gravity, Centroid, and Moment of Inertia CENTER OF GRAVITY AND CENTROID CH. ME56 STTICS Ceter of Gravt, Cetrod, ad Momet of Ierta CENTE OF GITY ND CENTOID 5. CENTE OF GITY ND CENTE OF MSS FO SYSTEM OF PTICES Ceter of Gravt. The ceter of gravt G s a pot whch locates the resultat

More information

2009-2015 Michael J. Rosenfeld, draft version 1.7 (under construction). draft November 5, 2015

2009-2015 Michael J. Rosenfeld, draft version 1.7 (under construction). draft November 5, 2015 009-015 Mchael J. Rosefeld, draft verso 1.7 (uder costructo). draft November 5, 015 Notes o the Mea, the Stadard Devato, ad the Stadard Error. Practcal Appled Statstcs for Socologsts. A troductory word

More information

Regression Analysis. 1. Introduction

Regression Analysis. 1. Introduction . Itroducto Regresso aalyss s a statstcal methodology that utlzes the relato betwee two or more quattatve varables so that oe varable ca be predcted from the other, or others. Ths methodology s wdely used

More information

AP Statistics 2006 Free-Response Questions Form B

AP Statistics 2006 Free-Response Questions Form B AP Statstcs 006 Free-Respose Questos Form B The College Board: Coectg Studets to College Success The College Board s a ot-for-proft membershp assocato whose msso s to coect studets to college success ad

More information

Statistical Pattern Recognition (CE-725) Department of Computer Engineering Sharif University of Technology

Statistical Pattern Recognition (CE-725) Department of Computer Engineering Sharif University of Technology I The Name of God, The Compassoate, The ercful Name: Problems' eys Studet ID#:. Statstcal Patter Recogto (CE-725) Departmet of Computer Egeerg Sharf Uversty of Techology Fal Exam Soluto - Sprg 202 (50

More information

Sequences and Series

Sequences and Series Secto 9. Sequeces d Seres You c thk of sequece s fucto whose dom s the set of postve tegers. f ( ), f (), f (),... f ( ),... Defto of Sequece A fte sequece s fucto whose dom s the set of postve tegers.

More information

10/19/2011. Financial Mathematics. Lecture 24 Annuities. Ana NoraEvans 403 Kerchof AnaNEvans@virginia.edu http://people.virginia.

10/19/2011. Financial Mathematics. Lecture 24 Annuities. Ana NoraEvans 403 Kerchof AnaNEvans@virginia.edu http://people.virginia. Math 40 Lecture 24 Autes Facal Mathematcs How ready do you feel for the quz o Frday: A) Brg t o B) I wll be by Frday C) I eed aother week D) I eed aother moth Aa NoraEvas 403 Kerchof AaNEvas@vrga.edu http://people.vrga.edu/~as5k/

More information

Speeding up k-means Clustering by Bootstrap Averaging

Speeding up k-means Clustering by Bootstrap Averaging Speedg up -meas Clusterg by Bootstrap Averagg Ia Davdso ad Ashw Satyaarayaa Computer Scece Dept, SUNY Albay, NY, USA,. {davdso, ashw}@cs.albay.edu Abstract K-meas clusterg s oe of the most popular clusterg

More information

On formula to compute primes and the n th prime

On formula to compute primes and the n th prime Joural's Ttle, Vol., 00, o., - O formula to compute prmes ad the th prme Issam Kaddoura Lebaese Iteratoal Uversty Faculty of Arts ad ceces, Lebao Emal: ssam.addoura@lu.edu.lb amh Abdul-Nab Lebaese Iteratoal

More information

A New Bayesian Network Method for Computing Bottom Event's Structural Importance Degree using Jointree

A New Bayesian Network Method for Computing Bottom Event's Structural Importance Degree using Jointree , pp.277-288 http://dx.do.org/10.14257/juesst.2015.8.1.25 A New Bayesa Network Method for Computg Bottom Evet's Structural Importace Degree usg Jotree Wag Yao ad Su Q School of Aeroautcs, Northwester Polytechcal

More information

Chapter 3 0.06 = 3000 ( 1.015 ( 1 ) Present Value of an Annuity. Section 4 Present Value of an Annuity; Amortization

Chapter 3 0.06 = 3000 ( 1.015 ( 1 ) Present Value of an Annuity. Section 4 Present Value of an Annuity; Amortization Chapter 3 Mathematcs of Face Secto 4 Preset Value of a Auty; Amortzato Preset Value of a Auty I ths secto, we wll address the problem of determg the amout that should be deposted to a accout ow at a gve

More information

Abraham Zaks. Technion I.I.T. Haifa ISRAEL. and. University of Haifa, Haifa ISRAEL. Abstract

Abraham Zaks. Technion I.I.T. Haifa ISRAEL. and. University of Haifa, Haifa ISRAEL. Abstract Preset Value of Autes Uder Radom Rates of Iterest By Abraham Zas Techo I.I.T. Hafa ISRAEL ad Uversty of Hafa, Hafa ISRAEL Abstract Some attempts were made to evaluate the future value (FV) of the expected

More information

CHAPTER 13. Simple Linear Regression LEARNING OBJECTIVES. USING STATISTICS @ Sunflowers Apparel

CHAPTER 13. Simple Linear Regression LEARNING OBJECTIVES. USING STATISTICS @ Sunflowers Apparel CHAPTER 3 Smple Lear Regresso USING STATISTICS @ Suflowers Apparel 3 TYPES OF REGRESSION MODELS 3 DETERMINING THE SIMPLE LINEAR REGRESSION EQUATION The Least-Squares Method Vsual Exploratos: Explorg Smple

More information

Settlement Prediction by Spatial-temporal Random Process

Settlement Prediction by Spatial-temporal Random Process Safety, Relablty ad Rs of Structures, Ifrastructures ad Egeerg Systems Furuta, Fragopol & Shozua (eds Taylor & Fracs Group, Lodo, ISBN 978---77- Settlemet Predcto by Spatal-temporal Radom Process P. Rugbaapha

More information

The Analysis of Development of Insurance Contract Premiums of General Liability Insurance in the Business Insurance Risk

The Analysis of Development of Insurance Contract Premiums of General Liability Insurance in the Business Insurance Risk The Aalyss of Developmet of Isurace Cotract Premums of Geeral Lablty Isurace the Busess Isurace Rsk the Frame of the Czech Isurace Market 1998 011 Scetfc Coferece Jue, 10. - 14. 013 Pavla Kubová Departmet

More information

ANNEX 77 FINANCE MANAGEMENT. (Working material) Chief Actuary Prof. Gaida Pettere BTA INSURANCE COMPANY SE

ANNEX 77 FINANCE MANAGEMENT. (Working material) Chief Actuary Prof. Gaida Pettere BTA INSURANCE COMPANY SE ANNEX 77 FINANCE MANAGEMENT (Workg materal) Chef Actuary Prof. Gada Pettere BTA INSURANCE COMPANY SE 1 FUNDAMENTALS of INVESTMENT I THEORY OF INTEREST RATES 1.1 ACCUMULATION Iterest may be regarded as

More information

GCSE STATISTICS. 4) How to calculate the range: The difference between the biggest number and the smallest number.

GCSE STATISTICS. 4) How to calculate the range: The difference between the biggest number and the smallest number. GCSE STATISTICS You should kow: 1) How to draw a frequecy diagram: e.g. NUMBER TALLY FREQUENCY 1 3 5 ) How to draw a bar chart, a pictogram, ad a pie chart. 3) How to use averages: a) Mea - add up all

More information

Beta. A Statistical Analysis of a Stock s Volatility. Courtney Wahlstrom. Iowa State University, Master of School Mathematics. Creative Component

Beta. A Statistical Analysis of a Stock s Volatility. Courtney Wahlstrom. Iowa State University, Master of School Mathematics. Creative Component Beta A Statstcal Aalyss of a Stock s Volatlty Courtey Wahlstrom Iowa State Uversty, Master of School Mathematcs Creatve Compoet Fall 008 Amy Froelch, Major Professor Heather Bolles, Commttee Member Travs

More information

The analysis of annuities relies on the formula for geometric sums: r k = rn+1 1 r 1. (2.1) k=0

The analysis of annuities relies on the formula for geometric sums: r k = rn+1 1 r 1. (2.1) k=0 Chapter 2 Autes ad loas A auty s a sequece of paymets wth fxed frequecy. The term auty orgally referred to aual paymets (hece the ame), but t s ow also used for paymets wth ay frequecy. Autes appear may

More information

Measuring the Quality of Credit Scoring Models

Measuring the Quality of Credit Scoring Models Measur the Qualty of Credt cor Models Mart Řezáč Dept. of Matheatcs ad tatstcs, Faculty of cece, Masaryk Uversty CCC XI, Edurh Auust 009 Cotet. Itroducto 3. Good/ad clet defto 4 3. Measur the qualty 6

More information

FINANCIAL FORMULAE. Amount of One or Future Value of One ($1, 1, 1, etc.)... 2. Present Value (or Present Worth) of One ($1, 1, 1, etc.)...

FINANCIAL FORMULAE. Amount of One or Future Value of One ($1, 1, 1, etc.)... 2. Present Value (or Present Worth) of One ($1, 1, 1, etc.)... Amout of Oe or Future Value of Oe ($,,, etc.)... 2 Preset Value (or Preset Worth) of Oe ($,,, etc.)... 2 Amout of Oe per Perod... 3 or Future Value of Oe per Perod Preset Value (or Preset Worth) of Oe

More information

RUSSIAN ROULETTE AND PARTICLE SPLITTING

RUSSIAN ROULETTE AND PARTICLE SPLITTING RUSSAN ROULETTE AND PARTCLE SPLTTNG M. Ragheb 3/7/203 NTRODUCTON To stuatos are ecoutered partcle trasport smulatos:. a multplyg medum, a partcle such as a eutro a cosmc ray partcle or a photo may geerate

More information

On Error Detection with Block Codes

On Error Detection with Block Codes BULGARIAN ACADEMY OF SCIENCES CYBERNETICS AND INFORMATION TECHNOLOGIES Volume 9, No 3 Sofa 2009 O Error Detecto wth Block Codes Rostza Doduekova Chalmers Uversty of Techology ad the Uversty of Gotheburg,

More information

Credibility Premium Calculation in Motor Third-Party Liability Insurance

Credibility Premium Calculation in Motor Third-Party Liability Insurance Advaces Mathematcal ad Computatoal Methods Credblty remum Calculato Motor Thrd-arty Lablty Isurace BOHA LIA, JAA KUBAOVÁ epartmet of Mathematcs ad Quattatve Methods Uversty of ardubce Studetská 95, 53

More information

Z-TEST / Z-STATISTIC: used to test hypotheses about. µ when the population standard deviation is unknown

Z-TEST / Z-STATISTIC: used to test hypotheses about. µ when the population standard deviation is unknown Z-TEST / Z-STATISTIC: used to test hypotheses about µ whe the populatio stadard deviatio is kow ad populatio distributio is ormal or sample size is large T-TEST / T-STATISTIC: used to test hypotheses about

More information

Preparation of Calibration Curves

Preparation of Calibration Curves Preparato of Calbrato Curves A Gude to Best Practce September 3 Cotact Pot: Lz Prchard Tel: 8943 7553 Prepared by: Vck Barwck Approved by: Date: The work descrbed ths report was supported uder cotract

More information

Normal Distribution.

Normal Distribution. Normal Distributio www.icrf.l Normal distributio I probability theory, the ormal or Gaussia distributio, is a cotiuous probability distributio that is ofte used as a first approimatio to describe realvalued

More information

THE REGRESSION MODEL IN MATRIX FORM. For simple linear regression, meaning one predictor, the model is. for i = 1, 2, 3,, n

THE REGRESSION MODEL IN MATRIX FORM. For simple linear regression, meaning one predictor, the model is. for i = 1, 2, 3,, n We will cosider the liear regressio model i matrix form. For simple liear regressio, meaig oe predictor, the model is i = + x i + ε i for i =,,,, This model icludes the assumptio that the ε i s are a sample

More information

ROULETTE-TOURNAMENT SELECTION FOR SHRIMP DIET FORMULATION PROBLEM

ROULETTE-TOURNAMENT SELECTION FOR SHRIMP DIET FORMULATION PROBLEM 28-30 August, 2013 Sarawak, Malaysa. Uverst Utara Malaysa (http://www.uum.edu.my ) ROULETTE-TOURNAMENT SELECTION FOR SHRIMP DIET FORMULATION PROBLEM Rosshary Abd. Rahma 1 ad Razam Raml 2 1,2 Uverst Utara

More information

Optimal multi-degree reduction of Bézier curves with constraints of endpoints continuity

Optimal multi-degree reduction of Bézier curves with constraints of endpoints continuity Computer Aded Geometrc Desg 19 (2002 365 377 wwwelsevercom/locate/comad Optmal mult-degree reducto of Bézer curves wth costrats of edpots cotuty Guo-Dog Che, Guo-J Wag State Key Laboratory of CAD&CG, Isttute

More information

MODELLING OF STOCK PRICES BY THE MARKOV CHAIN MONTE CARLO METHOD

MODELLING OF STOCK PRICES BY THE MARKOV CHAIN MONTE CARLO METHOD ISSN 8-80 (prt) ISSN 8-8038 (ole) INTELEKTINĖ EKONOMIKA INTELLECTUAL ECONOMICS 0, Vol. 5, No. (0), p. 44 56 MODELLING OF STOCK PRICES BY THE MARKOV CHAIN MONTE CARLO METHOD Matas LANDAUSKAS Kauas Uversty

More information

ECONOMIC CHOICE OF OPTIMUM FEEDER CABLE CONSIDERING RISK ANALYSIS. University of Brasilia (UnB) and The Brazilian Regulatory Agency (ANEEL), Brazil

ECONOMIC CHOICE OF OPTIMUM FEEDER CABLE CONSIDERING RISK ANALYSIS. University of Brasilia (UnB) and The Brazilian Regulatory Agency (ANEEL), Brazil ECONOMIC CHOICE OF OPTIMUM FEEDER CABE CONSIDERING RISK ANAYSIS I Camargo, F Fgueredo, M De Olvera Uversty of Brasla (UB) ad The Brazla Regulatory Agecy (ANEE), Brazl The choce of the approprate cable

More information

Taylor & Francis, Ltd. is collaborating with JSTOR to digitize, preserve and extend access to The Journal of Experimental Education.

Taylor & Francis, Ltd. is collaborating with JSTOR to digitize, preserve and extend access to The Journal of Experimental Education. The Statstcal Iterpretato of Degrees of Freedom Author(s): Wllam J. Mooa Source: The Joural of Expermetal Educato, Vol. 21, No. 3 (Mar., 1953), pp. 259264 Publshed by: Taylor & Fracs, Ltd. Stable URL:

More information

CHAPTER 7: Central Limit Theorem: CLT for Averages (Means)

CHAPTER 7: Central Limit Theorem: CLT for Averages (Means) CHAPTER 7: Cetral Limit Theorem: CLT for Averages (Meas) X = the umber obtaied whe rollig oe six sided die oce. If we roll a six sided die oce, the mea of the probability distributio is X P(X = x) Simulatio:

More information

Performance Attribution. Methodology Overview

Performance Attribution. Methodology Overview erformace Attrbuto Methodology Overvew Faba SUAREZ March 2004 erformace Attrbuto Methodology 1.1 Itroducto erformace Attrbuto s a set of techques that performace aalysts use to expla why a portfolo's performace

More information

Questions? Ask Prof. Herz, herz@ucsd.edu. General Classification of adsorption

Questions? Ask Prof. Herz, herz@ucsd.edu. General Classification of adsorption Questos? Ask rof. Herz, herz@ucsd.edu Geeral Classfcato of adsorpto hyscal adsorpto - physsorpto - dsperso forces - Va der Waals forces - weak - oly get hgh fractoal coerage of surface at low temperatures

More information

APPENDIX III THE ENVELOPE PROPERTY

APPENDIX III THE ENVELOPE PROPERTY Apped III APPENDIX III THE ENVELOPE PROPERTY Optmzato mposes a very strog structure o the problem cosdered Ths s the reaso why eoclasscal ecoomcs whch assumes optmzg behavour has bee the most successful

More information

Lesson 17 Pearson s Correlation Coefficient

Lesson 17 Pearson s Correlation Coefficient Outlie Measures of Relatioships Pearso s Correlatio Coefficiet (r) -types of data -scatter plots -measure of directio -measure of stregth Computatio -covariatio of X ad Y -uique variatio i X ad Y -measurig

More information

Three Dimensional Interpolation of Video Signals

Three Dimensional Interpolation of Video Signals Three Dmesoal Iterpolato of Vdeo Sgals Elham Shahfard March 0 th 006 Outle A Bref reve of prevous tals Dgtal Iterpolato Bascs Upsamplg D Flter Desg Issues Ifte Impulse Respose Fte Impulse Respose Desged

More information

Mathematics of Finance

Mathematics of Finance CATE Mathematcs of ace.. TODUCTO ths chapter we wll dscuss mathematcal methods ad formulae whch are helpful busess ad persoal face. Oe of the fudametal cocepts the mathematcs of face s the tme value of

More information

How To Make A Supply Chain System Work

How To Make A Supply Chain System Work Iteratoal Joural of Iformato Techology ad Kowledge Maagemet July-December 200, Volume 2, No. 2, pp. 3-35 LATERAL TRANSHIPMENT-A TECHNIQUE FOR INVENTORY CONTROL IN MULTI RETAILER SUPPLY CHAIN SYSTEM Dharamvr

More information

The paper presents Constant Rebalanced Portfolio first introduced by Thomas

The paper presents Constant Rebalanced Portfolio first introduced by Thomas Itroducto The paper presets Costat Rebalaced Portfolo frst troduced by Thomas Cover. There are several weakesses of ths approach. Oe s that t s extremely hard to fd the optmal weghts ad the secod weakess

More information

The Time Value of Money

The Time Value of Money The Tme Value of Moey 1 Iversemet Optos Year: 1624 Property Traded: Mahatta Islad Prce : $24.00, FV of $24 @ 6%: FV = $24 (1+0.06) 388 = $158.08 bllo Opto 1 0 1 2 3 4 5 t ($519.37) 0 0 0 0 $1,000 Opto

More information

SECTION 1.5 : SUMMATION NOTATION + WORK WITH SEQUENCES

SECTION 1.5 : SUMMATION NOTATION + WORK WITH SEQUENCES SECTION 1.5 : SUMMATION NOTATION + WORK WITH SEQUENCES Read Sectio 1.5 (pages 5 9) Overview I Sectio 1.5 we lear to work with summatio otatio ad formulas. We will also itroduce a brief overview of sequeces,

More information

Security Analysis of RAPP: An RFID Authentication Protocol based on Permutation

Security Analysis of RAPP: An RFID Authentication Protocol based on Permutation Securty Aalyss of RAPP: A RFID Authetcato Protocol based o Permutato Wag Shao-hu,,, Ha Zhje,, Lu Sujua,, Che Da-we, {College of Computer, Najg Uversty of Posts ad Telecommucatos, Najg 004, Cha Jagsu Hgh

More information

M. Salahi, F. Mehrdoust, F. Piri. CVaR Robust Mean-CVaR Portfolio Optimization

M. Salahi, F. Mehrdoust, F. Piri. CVaR Robust Mean-CVaR Portfolio Optimization M. Salah, F. Mehrdoust, F. Pr Uversty of Gula, Rasht, Ira CVaR Robust Mea-CVaR Portfolo Optmzato Abstract: Oe of the most mportat problems faced by every vestor s asset allocato. A vestor durg makg vestmet

More information

Data Analysis Toolkit #10: Simple linear regression Page 1

Data Analysis Toolkit #10: Simple linear regression Page 1 Data Aaly Toolkt #0: mple lear regreo Page mple lear regreo the mot commoly ued techque f determg how oe varable of teret the repoe varable affected by chage aother varable the explaaty varable. The term

More information

Conversion of Non-Linear Strength Envelopes into Generalized Hoek-Brown Envelopes

Conversion of Non-Linear Strength Envelopes into Generalized Hoek-Brown Envelopes Covero of No-Lear Stregth Evelope to Geeralzed Hoek-Brow Evelope Itroducto The power curve crtero commoly ued lmt-equlbrum lope tablty aaly to defe a o-lear tregth evelope (relatohp betwee hear tre, τ,

More information

Statistical Techniques for Sampling and Monitoring Natural Resources

Statistical Techniques for Sampling and Monitoring Natural Resources Uted States Departmet of Agrculture Forest Servce Statstcal Techques for Samplg ad Motorg Natural Resources Rocky Mouta Research Stato Geeral Techcal Report RMRS-GTR-6 Has T. Schreuder, Rchard Erst, ad

More information

Chapter 14 Nonparametric Statistics

Chapter 14 Nonparametric Statistics Chapter 14 Noparametric Statistics A.K.A. distributio-free statistics! Does ot deped o the populatio fittig ay particular type of distributio (e.g, ormal). Sice these methods make fewer assumptios, they

More information

Math C067 Sampling Distributions

Math C067 Sampling Distributions Math C067 Samplig Distributios Sample Mea ad Sample Proportio Richard Beigel Some time betwee April 16, 2007 ad April 16, 2007 Examples of Samplig A pollster may try to estimate the proportio of voters

More information

Applications of Support Vector Machine Based on Boolean Kernel to Spam Filtering

Applications of Support Vector Machine Based on Boolean Kernel to Spam Filtering Moder Appled Scece October, 2009 Applcatos of Support Vector Mache Based o Boolea Kerel to Spam Flterg Shugag Lu & Keb Cu School of Computer scece ad techology, North Cha Electrc Power Uversty Hebe 071003,

More information

Stanislav Anatolyev. Intermediate and advanced econometrics: problems and solutions

Stanislav Anatolyev. Intermediate and advanced econometrics: problems and solutions Staslav Aatolyev Itermedate ad advaced ecoometrcs: problems ad solutos Thrd edto KL/9/8 Moscow 9 Анатольев С.А. Задачи и решения по эконометрике. #KL/9/8. М.: Российская экономическая школа, 9 г. 78 с.

More information

Near Neighbor Distribution in Sets of Fractal Nature

Near Neighbor Distribution in Sets of Fractal Nature Iteratoal Joural of Computer Iformato Systems ad Idustral Maagemet Applcatos. ISS 250-7988 Volume 5 (202) 3 pp. 59-66 MIR Labs, www.mrlabs.et/jcsm/dex.html ear eghbor Dstrbuto Sets of Fractal ature Marcel

More information

Report 19 Euroland Corporate Bonds

Report 19 Euroland Corporate Bonds Rep19, Computed & Prted: 17/06/2015 11:38 Report 19 Eurolad Corporate Bods From Dec 1999 to Dec 2014 31/12/1999 31 December 1999 31/12/2014 Bechmark 100% IBOXX Euro Corp All Mats. TR Defto of the frm ad

More information

Measures of Spread and Boxplots Discrete Math, Section 9.4

Measures of Spread and Boxplots Discrete Math, Section 9.4 Measures of Spread ad Boxplots Discrete Math, Sectio 9.4 We start with a example: Example 1: Comparig Mea ad Media Compute the mea ad media of each data set: S 1 = {4, 6, 8, 10, 1, 14, 16} S = {4, 7, 9,

More information

Lesson 15 ANOVA (analysis of variance)

Lesson 15 ANOVA (analysis of variance) Outlie Variability -betwee group variability -withi group variability -total variability -F-ratio Computatio -sums of squares (betwee/withi/total -degrees of freedom (betwee/withi/total -mea square (betwee/withi

More information

I. Chi-squared Distributions

I. Chi-squared Distributions 1 M 358K Supplemet to Chapter 23: CHI-SQUARED DISTRIBUTIONS, T-DISTRIBUTIONS, AND DEGREES OF FREEDOM To uderstad t-distributios, we first eed to look at aother family of distributios, the chi-squared distributios.

More information

In nite Sequences. Dr. Philippe B. Laval Kennesaw State University. October 9, 2008

In nite Sequences. Dr. Philippe B. Laval Kennesaw State University. October 9, 2008 I ite Sequeces Dr. Philippe B. Laval Keesaw State Uiversity October 9, 2008 Abstract This had out is a itroductio to i ite sequeces. mai de itios ad presets some elemetary results. It gives the I ite Sequeces

More information

Proceedings of the 2010 Winter Simulation Conference B. Johansson, S. Jain, J. Montoya-Torres, J. Hugan, and E. Yücesan, eds.

Proceedings of the 2010 Winter Simulation Conference B. Johansson, S. Jain, J. Montoya-Torres, J. Hugan, and E. Yücesan, eds. Proceedgs of the 21 Wter Smulato Coferece B. Johasso, S. Ja, J. Motoya-Torres, J. Huga, ad E. Yücesa, eds. EMPIRICAL METHODS OR TWO-ECHELON INVENTORY MANAGEMENT WITH SERVICE LEVEL CONSTRAINTS BASED ON

More information

Confidence Intervals for One Mean

Confidence Intervals for One Mean Chapter 420 Cofidece Itervals for Oe Mea Itroductio This routie calculates the sample size ecessary to achieve a specified distace from the mea to the cofidece limit(s) at a stated cofidece level for a

More information

DETERMINISTIC AND STOCHASTIC MODELLING OF TECHNICAL RESERVES IN SHORT-TERM INSURANCE CONTRACTS

DETERMINISTIC AND STOCHASTIC MODELLING OF TECHNICAL RESERVES IN SHORT-TERM INSURANCE CONTRACTS DETERMINISTI AND STOHASTI MODELLING OF TEHNIAL RESERVES IN SHORT-TERM INSURANE ONTRATS Patrck G O Weke School of Mathematcs, Uversty of Narob, Keya Emal: pweke@uobacke ABSTART lams reservg for geeral surace

More information

Soving Recurrence Relations

Soving Recurrence Relations Sovig Recurrece Relatios Part 1. Homogeeous liear 2d degree relatios with costat coefficiets. Cosider the recurrece relatio ( ) T () + at ( 1) + bt ( 2) = 0 This is called a homogeeous liear 2d degree

More information

Lecture 7. Norms and Condition Numbers

Lecture 7. Norms and Condition Numbers Lecture 7 Norms ad Codto Numbers To dscuss the errors umerca probems vovg vectors, t s usefu to empo orms. Vector Norm O a vector space V, a orm s a fucto from V to the set of o-egatve reas that obes three

More information

Maintenance Scheduling of Distribution System with Optimal Economy and Reliability

Maintenance Scheduling of Distribution System with Optimal Economy and Reliability Egeerg, 203, 5, 4-8 http://dx.do.org/0.4236/eg.203.59b003 Publshed Ole September 203 (http://www.scrp.org/joural/eg) Mateace Schedulg of Dstrbuto System wth Optmal Ecoomy ad Relablty Syua Hog, Hafeg L,

More information