Week 4 Lecture: Paired-Sample Hypothesis Tests (Chapter 9)

Size: px
Start display at page:

Download "Week 4 Lecture: Paired-Sample Hypothesis Tests (Chapter 9)"

Transcription

1 Week 4 Lecture: Pare-Sample Hypothess Tests (Chapter 9) The two-sample proceures escrbe last week only apply when the two samples are nepenent. However, you may want to perform a hypothess tests to ata that are relate. Some examples of relate (non-nepenent) ata nclue: before an after, observe vs. precte, rght vs. left, entcal twns, etc. Parng s a goo ea when you expect greater varaton between the pars when compare to varaton wthn a par. Testng Mean Dfference In a smlar fashon to the two-tale hypotheses from last week, we can efne a mean populaton fference, µ, as µ 1 µ 2, a test the null hypothess: Ho: µ = 0 Ha: µ 0 The test statstc for Ho s a t-statstc: t =, s where = mean fference an s = stanar error of the mean fference. Thus, the pare- sample t-test s essentally a one-sample t-test. Note, however, that each observaton n one sample must be correlate to one an only one observaton n the secon sample. The paresample t-test oes not have the normalty an homogenety of varances assumptons as wth the two-sample t-test, but t oes assume that the fferences are normally strbute. 1

2 Example: We want to compare groun versus ar-base temperature sensors to etermne the earth s temperature, whch s mportant for agrcultural moelng, etc. Groun-base sensors are expensve, an ar-base (from satelltes or ar-planes) of nfrare wavelengths may be base. We collecte temperature ata from groun an ar-base sensors at ten locatons, an we want to test f they are fferent. We wll test the followng hypothess: Ho: µ = 0 Ha: µ 0 α = 0.05 Locaton Groun ( o C) Ar ( o C) Dfference ( ) = 15.5 = 1.55 o s C s = = = n 10 o C 2

3 1.55 t-statstc: t = = = s 0.24 Crtcal Value: ( ) = t ( ) t α 2, ν= n , 9 = Decson Rule: If t , then reject Ho; otherwse, o not reject Ho. Concluson: Snce > (P < 0.001), reject Ho an conclue that the mean fference between groun an ar-base sensors at these ten locatons s sgnfcantly fferent. We can also test one-tale hypotheses for the mean fference n a manner analogous to that of the two-sample t-test (see Zar p. 181) for an example. Confence Intervals for the Populaton Mean Dfference Just as we calculate confence ntervals n preceng chapters, we can also obtan confence ntervals for the mean populaton fference: ± t α( 2), νs. Example: Contnung wth our earler example of temperature sensors, we can obtan a 95% confence nterval for the populaton mean fference: 1.55 ± o ( 2.262)( 0.24) 1.55 ± 0.54 C We can also etermne power of the test an necessary sample sze for a specfe level of precson as we for a one-sample t-test (chapter 7). Smply substtute for X, an 2 s for s 2. 3

4 Wlcoxon Pare-Sample Test Ths s the non-parametrc analog of the pare t-test, also known as the Wlcoxon Pare- Sample Test. It s use for pare-sample testng wth ornal ata. The proceure for ths test s: 1. Compute for each par 2. Rank s the absolute values of the fferences (assgn te ranks as before) 3. Calculate the sum of the ranks for: a) postve fferences, an b) negatve fferences 4. Apply approprate ecson rule (crtcal values from Table B.12): When Ho: Populaton 1 = Populaton 2 an Ha: Populaton 1 Populaton 2, an f T+ or T Tα, then reject Ho ( 2), n When Ho: Populaton 1 Populaton 2 an Ha: Populaton 1 > Populaton 2, an f T T α ()n 1,, then reject Ho. When Ho: Populaton 1 Populaton 2 an Ha: Populaton 1 < Populaton 2, an f T+ Tα, then reject Ho. ()n 1, 4

5 Example: Let s reo our prevous example usng the non-parametrc test: Ho: Ha: Groun base sensors = Ar base sensors Groun base sensors Ar base sensors α = 0.05 Locaton Groun ( o C) Ar ( o C) Dfference ( ) Rank of Sgne Rank of Sum of Ranks: T + = 0 T = 55. Decson Rule: If T+ or T T0.05( 2), 10 = 8, then reject Ho; otherwse, o not reject Ho. Concluson: Snce T + = 0 < 8 (P < 0.005), reject Ho an conclue that the mean fference between groun an ar-base sensors at these fve locatons s sgnfcantly fferent. 5

SIMPLE LINEAR CORRELATION

SIMPLE LINEAR CORRELATION SIMPLE LINEAR CORRELATION Smple lnear correlaton s a measure of the degree to whch two varables vary together, or a measure of the ntensty of the assocaton between two varables. Correlaton often s abused.

More information

PSYCHOLOGICAL RESEARCH (PYC 304-C) Lecture 12

PSYCHOLOGICAL RESEARCH (PYC 304-C) Lecture 12 14 The Ch-squared dstrbuton PSYCHOLOGICAL RESEARCH (PYC 304-C) Lecture 1 If a normal varable X, havng mean µ and varance σ, s standardsed, the new varable Z has a mean 0 and varance 1. When ths standardsed

More information

STATISTICAL DATA ANALYSIS IN EXCEL

STATISTICAL DATA ANALYSIS IN EXCEL Mcroarray Center STATISTICAL DATA ANALYSIS IN EXCEL Lecture 6 Some Advanced Topcs Dr. Petr Nazarov 14-01-013 petr.nazarov@crp-sante.lu Statstcal data analyss n Ecel. 6. Some advanced topcs Correcton for

More information

NPAR TESTS. One-Sample Chi-Square Test. Cell Specification. Observed Frequencies 1O i 6. Expected Frequencies 1EXP i 6

NPAR TESTS. One-Sample Chi-Square Test. Cell Specification. Observed Frequencies 1O i 6. Expected Frequencies 1EXP i 6 PAR TESTS If a WEIGHT varable s specfed, t s used to replcate a case as many tmes as ndcated by the weght value rounded to the nearest nteger. If the workspace requrements are exceeded and samplng has

More information

CHOLESTEROL REFERENCE METHOD LABORATORY NETWORK. Sample Stability Protocol

CHOLESTEROL REFERENCE METHOD LABORATORY NETWORK. Sample Stability Protocol CHOLESTEROL REFERENCE METHOD LABORATORY NETWORK Sample Stablty Protocol Background The Cholesterol Reference Method Laboratory Network (CRMLN) developed certfcaton protocols for total cholesterol, HDL

More information

DEGREES OF EQUIVALENCE IN A KEY COMPARISON 1 Thang H. L., Nguyen D. D. Vietnam Metrology Institute, Address: 8 Hoang Quoc Viet, Hanoi, Vietnam

DEGREES OF EQUIVALENCE IN A KEY COMPARISON 1 Thang H. L., Nguyen D. D. Vietnam Metrology Institute, Address: 8 Hoang Quoc Viet, Hanoi, Vietnam DEGREES OF EQUIVALECE I A EY COMPARISO Thang H. L., guyen D. D. Vetnam Metrology Insttute, Aress: 8 Hoang Quoc Vet, Hano, Vetnam Abstract: In an nterlaboratory key comparson, a ata analyss proceure for

More information

Causal, Explanatory Forecasting. Analysis. Regression Analysis. Simple Linear Regression. Which is Independent? Forecasting

Causal, Explanatory Forecasting. Analysis. Regression Analysis. Simple Linear Regression. Which is Independent? Forecasting Causal, Explanatory Forecastng Assumes cause-and-effect relatonshp between system nputs and ts output Forecastng wth Regresson Analyss Rchard S. Barr Inputs System Cause + Effect Relatonshp The job of

More information

Economic Interpretation of Regression. Theory and Applications

Economic Interpretation of Regression. Theory and Applications Economc Interpretaton of Regresson Theor and Applcatons Classcal and Baesan Econometrc Methods Applcaton of mathematcal statstcs to economc data for emprcal support Economc theor postulates a qualtatve

More information

Calculation of Sampling Weights

Calculation of Sampling Weights Perre Foy Statstcs Canada 4 Calculaton of Samplng Weghts 4.1 OVERVIEW The basc sample desgn used n TIMSS Populatons 1 and 2 was a two-stage stratfed cluster desgn. 1 The frst stage conssted of a sample

More information

EXAMPLE PROBLEMS SOLVED USING THE SHARP EL-733A CALCULATOR

EXAMPLE PROBLEMS SOLVED USING THE SHARP EL-733A CALCULATOR EXAMPLE PROBLEMS SOLVED USING THE SHARP EL-733A CALCULATOR 8S CHAPTER 8 EXAMPLES EXAMPLE 8.4A THE INVESTMENT NEEDED TO REACH A PARTICULAR FUTURE VALUE What amount must you nvest now at 4% compoune monthly

More information

1 Example 1: Axis-aligned rectangles

1 Example 1: Axis-aligned rectangles COS 511: Theoretcal Machne Learnng Lecturer: Rob Schapre Lecture # 6 Scrbe: Aaron Schld February 21, 2013 Last class, we dscussed an analogue for Occam s Razor for nfnte hypothess spaces that, n conjuncton

More information

Small-Signal Analysis of BJT Differential Pairs

Small-Signal Analysis of BJT Differential Pairs 5/11/011 Dfferental Moe Sall Sgnal Analyss of BJT Dff Par 1/1 SallSgnal Analyss of BJT Dfferental Pars Now lets conser the case where each nput of the fferental par conssts of an entcal D bas ter B, an

More information

Can Auto Liability Insurance Purchases Signal Risk Attitude?

Can Auto Liability Insurance Purchases Signal Risk Attitude? Internatonal Journal of Busness and Economcs, 2011, Vol. 10, No. 2, 159-164 Can Auto Lablty Insurance Purchases Sgnal Rsk Atttude? Chu-Shu L Department of Internatonal Busness, Asa Unversty, Tawan Sheng-Chang

More information

CHAPTER 14 MORE ABOUT REGRESSION

CHAPTER 14 MORE ABOUT REGRESSION CHAPTER 14 MORE ABOUT REGRESSION We learned n Chapter 5 that often a straght lne descrbes the pattern of a relatonshp between two quanttatve varables. For nstance, n Example 5.1 we explored the relatonshp

More information

7 ANALYSIS OF VARIANCE (ANOVA)

7 ANALYSIS OF VARIANCE (ANOVA) 7 ANALYSIS OF VARIANCE (ANOVA) Chapter 7 Analyss of Varance (Anova) Objectves After studyng ths chapter you should apprecate the need for analysng data from more than two samples; understand the underlyng

More information

Chapter 2 Probability Topics SPSS T tests

Chapter 2 Probability Topics SPSS T tests Chapter 2 Probability Topics SPSS T tests Data file used: gss.sav In the lecture about chapter 2, only the One-Sample T test has been explained. In this handout, we also give the SPSS methods to perform

More information

Calibration and Linear Regression Analysis: A Self-Guided Tutorial

Calibration and Linear Regression Analysis: A Self-Guided Tutorial Calbraton and Lnear Regresson Analyss: A Self-Guded Tutoral Part The Calbraton Curve, Correlaton Coeffcent and Confdence Lmts CHM314 Instrumental Analyss Department of Chemstry, Unversty of Toronto Dr.

More information

THE METHOD OF LEAST SQUARES THE METHOD OF LEAST SQUARES

THE METHOD OF LEAST SQUARES THE METHOD OF LEAST SQUARES The goal: to measure (determne) an unknown quantty x (the value of a RV X) Realsaton: n results: y 1, y 2,..., y j,..., y n, (the measured values of Y 1, Y 2,..., Y j,..., Y n ) every result s encumbered

More information

Independent t- Test (Comparing Two Means)

Independent t- Test (Comparing Two Means) Independent t- Test (Comparing Two Means) The objectives of this lesson are to learn: the definition/purpose of independent t-test when to use the independent t-test the use of SPSS to complete an independent

More information

1. Measuring association using correlation and regression

1. Measuring association using correlation and regression How to measure assocaton I: Correlaton. 1. Measurng assocaton usng correlaton and regresson We often would lke to know how one varable, such as a mother's weght, s related to another varable, such as a

More information

1 De nitions and Censoring

1 De nitions and Censoring De ntons and Censorng. Survval Analyss We begn by consderng smple analyses but we wll lead up to and take a look at regresson on explanatory factors., as n lnear regresson part A. The mportant d erence

More information

4 Hypothesis testing in the multiple regression model

4 Hypothesis testing in the multiple regression model 4 Hypothess testng n the multple regresson model Ezequel Urel Unversdad de Valenca Verson: 9-13 4.1 Hypothess testng: an overvew 1 4.1.1 Formulaton of the null hypothess and the alternatve hypothess 4.1.

More information

14.74 Lecture 5: Health (2)

14.74 Lecture 5: Health (2) 14.74 Lecture 5: Health (2) Esther Duflo February 17, 2004 1 Possble Interventons Last tme we dscussed possble nterventons. Let s take one: provdng ron supplements to people, for example. From the data,

More information

SPEE Recommended Evaluation Practice #6 Definition of Decline Curve Parameters Background:

SPEE Recommended Evaluation Practice #6 Definition of Decline Curve Parameters Background: SPEE Recommended Evaluaton Practce #6 efnton of eclne Curve Parameters Background: The producton hstores of ol and gas wells can be analyzed to estmate reserves and future ol and gas producton rates and

More information

Hypothesis testing - Steps

Hypothesis testing - Steps Hypothesis testing - Steps Steps to do a two-tailed test of the hypothesis that β 1 0: 1. Set up the hypotheses: H 0 : β 1 = 0 H a : β 1 0. 2. Compute the test statistic: t = b 1 0 Std. error of b 1 =

More information

Quantization Effects in Digital Filters

Quantization Effects in Digital Filters Quantzaton Effects n Dgtal Flters Dstrbuton of Truncaton Errors In two's complement representaton an exact number would have nfntely many bts (n general). When we lmt the number of bts to some fnte value

More information

Question 2: What is the variance and standard deviation of a dataset?

Question 2: What is the variance and standard deviation of a dataset? Queston 2: What s the varance and standard devaton of a dataset? The varance of the data uses all of the data to compute a measure of the spread n the data. The varance may be computed for a sample of

More information

An Efficient Recovery Algorithm for Coverage Hole in WSNs

An Efficient Recovery Algorithm for Coverage Hole in WSNs An Effcent Recover Algorthm for Coverage Hole n WSNs Song Ja 1,*, Wang Balng 1, Peng Xuan 1 School of Informaton an Electrcal Engneerng Harbn Insttute of Technolog at Weha, Shanong, Chna Automatc Test

More information

benefit is 2, paid if the policyholder dies within the year, and probability of death within the year is ).

benefit is 2, paid if the policyholder dies within the year, and probability of death within the year is ). REVIEW OF RISK MANAGEMENT CONCEPTS LOSS DISTRIBUTIONS AND INSURANCE Loss and nsurance: When someone s subject to the rsk of ncurrng a fnancal loss, the loss s generally modeled usng a random varable or

More information

Non-Parametric Tests (I)

Non-Parametric Tests (I) Lecture 5: Non-Parametric Tests (I) KimHuat LIM lim@stats.ox.ac.uk http://www.stats.ox.ac.uk/~lim/teaching.html Slide 1 5.1 Outline (i) Overview of Distribution-Free Tests (ii) Median Test for Two Independent

More information

Two Related Samples t Test

Two Related Samples t Test Two Related Samples t Test In this example 1 students saw five pictures of attractive people and five pictures of unattractive people. For each picture, the students rated the friendliness of the person

More information

An Alternative Way to Measure Private Equity Performance

An Alternative Way to Measure Private Equity Performance An Alternatve Way to Measure Prvate Equty Performance Peter Todd Parlux Investment Technology LLC Summary Internal Rate of Return (IRR) s probably the most common way to measure the performance of prvate

More information

3.4 Statistical inference for 2 populations based on two samples

3.4 Statistical inference for 2 populations based on two samples 3.4 Statistical inference for 2 populations based on two samples Tests for a difference between two population means The first sample will be denoted as X 1, X 2,..., X m. The second sample will be denoted

More information

(Semi)Parametric Models vs Nonparametric Models

(Semi)Parametric Models vs Nonparametric Models buay, 2003 Pobablty Models (Sem)Paametc Models vs Nonpaametc Models I defne paametc, sempaametc, and nonpaametc models n the two sample settng My defnton of sempaametc models s a lttle stonge than some

More information

Recurrence. 1 Definitions and main statements

Recurrence. 1 Definitions and main statements Recurrence 1 Defntons and man statements Let X n, n = 0, 1, 2,... be a MC wth the state space S = (1, 2,...), transton probabltes p j = P {X n+1 = j X n = }, and the transton matrx P = (p j ),j S def.

More information

How To Calculate The Accountng Perod Of Nequalty

How To Calculate The Accountng Perod Of Nequalty Inequalty and The Accountng Perod Quentn Wodon and Shlomo Ytzha World Ban and Hebrew Unversty September Abstract Income nequalty typcally declnes wth the length of tme taen nto account for measurement.

More information

Part 1: quick summary 5. Part 2: understanding the basics of ANOVA 8

Part 1: quick summary 5. Part 2: understanding the basics of ANOVA 8 Statstcs Rudolf N. Cardnal Graduate-level statstcs for psychology and neuroscence NOV n practce, and complex NOV desgns Verson of May 4 Part : quck summary 5. Overvew of ths document 5. Background knowledge

More information

Understanding the Impact of Marketing Actions in Traditional Channels on the Internet: Evidence from a Large Scale Field Experiment

Understanding the Impact of Marketing Actions in Traditional Channels on the Internet: Evidence from a Large Scale Field Experiment A research and educaton ntatve at the MT Sloan School of Management Understandng the mpact of Marketng Actons n Tradtonal Channels on the nternet: Evdence from a Large Scale Feld Experment Paper 216 Erc

More information

A Binary Quantum-behaved Particle Swarm Optimization Algorithm with Cooperative Approach

A Binary Quantum-behaved Particle Swarm Optimization Algorithm with Cooperative Approach IJCSI Internatonal Journal of Computer Scence Issues, Vol., Issue, No, January 3 ISSN (Prnt): 694-784 ISSN (Onlne): 694-84 www.ijcsi.org A Bnary Quantum-behave Partcle Swarm Optmzaton Algorthm wth Cooperatve

More information

The Impact of Stock Index Futures Trading on Daily Returns Seasonality: A Multicountry Study

The Impact of Stock Index Futures Trading on Daily Returns Seasonality: A Multicountry Study The Impact of Stock Index Futures Tradng on Daly Returns Seasonalty: A Multcountry Study Robert W. Faff a * and Mchael D. McKenze a Abstract In ths paper we nvestgate the potental mpact of the ntroducton

More information

An Evaluation of the Extended Logistic, Simple Logistic, and Gompertz Models for Forecasting Short Lifecycle Products and Services

An Evaluation of the Extended Logistic, Simple Logistic, and Gompertz Models for Forecasting Short Lifecycle Products and Services An Evaluaton of the Extended Logstc, Smple Logstc, and Gompertz Models for Forecastng Short Lfecycle Products and Servces Charles V. Trappey a,1, Hsn-yng Wu b a Professor (Management Scence), Natonal Chao

More information

L10: Linear discriminants analysis

L10: Linear discriminants analysis L0: Lnear dscrmnants analyss Lnear dscrmnant analyss, two classes Lnear dscrmnant analyss, C classes LDA vs. PCA Lmtatons of LDA Varants of LDA Other dmensonalty reducton methods CSCE 666 Pattern Analyss

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

Editing and Imputing Administrative Tax Return Data. Charlotte Gaughan Office for National Statistics UK

Editing and Imputing Administrative Tax Return Data. Charlotte Gaughan Office for National Statistics UK Edtng and Imputng Admnstratve Tax Return Data Charlotte Gaughan Offce for Natonal Statstcs UK Overvew Introducton Lmtatons Data Lnkng Data Cleanng Imputaton Methods Concluson and Future Work Introducton

More information

Meta-Analysis of Hazard Ratios

Meta-Analysis of Hazard Ratios NCSS Statstcal Softare Chapter 458 Meta-Analyss of Hazard Ratos Introducton Ths module performs a meta-analyss on a set of to-group, tme to event (survval), studes n hch some data may be censored. These

More information

Framing and cooperation in public good games : an experiment with an interior solution 1

Framing and cooperation in public good games : an experiment with an interior solution 1 Framng and cooperaton n publc good games : an experment wth an nteror soluton Marc Wllnger, Anthony Zegelmeyer Bureau d Econome Théorque et Applquée, Unversté Lous Pasteur, 38 boulevard d Anvers, 67000

More information

The Design of Efficiently-Encodable Rate-Compatible LDPC Codes

The Design of Efficiently-Encodable Rate-Compatible LDPC Codes The Desgn of Effcently-Encoable Rate-Compatble LDPC Coes Jaehong Km, Atya Ramamoorthy, Member, IEEE, an Steven W. McLaughln, Fellow, IEEE Abstract We present a new class of rregular low-ensty party-check

More information

An Introduction to Statistics Course (ECOE 1302) Spring Semester 2011 Chapter 10- TWO-SAMPLE TESTS

An Introduction to Statistics Course (ECOE 1302) Spring Semester 2011 Chapter 10- TWO-SAMPLE TESTS The Islamic University of Gaza Faculty of Commerce Department of Economics and Political Sciences An Introduction to Statistics Course (ECOE 130) Spring Semester 011 Chapter 10- TWO-SAMPLE TESTS Practice

More information

APPLICATION OF BINARY DIVISION ALGORITHM FOR IMAGE ANALYSIS AND CHANGE DETECTION TO IDENTIFY THE HOTSPOTS IN MODIS IMAGES

APPLICATION OF BINARY DIVISION ALGORITHM FOR IMAGE ANALYSIS AND CHANGE DETECTION TO IDENTIFY THE HOTSPOTS IN MODIS IMAGES APPLICATION OF BINARY DIVISION ALGORITHM FOR IMAGE ANALYSIS AND CHANGE DETECTION TO IDENTIFY THE HOTSPOTS IN MODIS IMAGES Harsh Kumar G R * an Dharmenra Sngh (hargrec@tr.ernet.n, harmfec@tr.ernet.n) Department

More information

Staff Paper. Farm Savings Accounts: Examining Income Variability, Eligibility, and Benefits. Brent Gloy, Eddy LaDue, and Charles Cuykendall

Staff Paper. Farm Savings Accounts: Examining Income Variability, Eligibility, and Benefits. Brent Gloy, Eddy LaDue, and Charles Cuykendall SP 2005-02 August 2005 Staff Paper Department of Appled Economcs and Management Cornell Unversty, Ithaca, New York 14853-7801 USA Farm Savngs Accounts: Examnng Income Varablty, Elgblty, and Benefts Brent

More information

PERRON FROBENIUS THEOREM

PERRON FROBENIUS THEOREM PERRON FROBENIUS THEOREM R. CLARK ROBINSON Defnton. A n n matrx M wth real entres m, s called a stochastc matrx provded () all the entres m satsfy 0 m, () each of the columns sum to one, m = for all, ()

More information

Description of the Force Method Procedure. Indeterminate Analysis Force Method 1. Force Method con t. Force Method con t

Description of the Force Method Procedure. Indeterminate Analysis Force Method 1. Force Method con t. Force Method con t Indeternate Analyss Force Method The force (flexblty) ethod expresses the relatonshps between dsplaceents and forces that exst n a structure. Prary objectve of the force ethod s to deterne the chosen set

More information

Estimating Total Claim Size in the Auto Insurance Industry: a Comparison between Tweedie and Zero-Adjusted Inverse Gaussian Distribution

Estimating Total Claim Size in the Auto Insurance Industry: a Comparison between Tweedie and Zero-Adjusted Inverse Gaussian Distribution Estmatng otal Clam Sze n the Auto Insurance Industry: a Comparson between weede and Zero-Adjusted Inverse Gaussan Dstrbuton Autora: Adrana Bruscato Bortoluzzo, Italo De Paula Franca, Marco Antono Leonel

More information

Portfolio Loss Distribution

Portfolio Loss Distribution Portfolo Loss Dstrbuton Rsky assets n loan ortfolo hghly llqud assets hold-to-maturty n the bank s balance sheet Outstandngs The orton of the bank asset that has already been extended to borrowers. Commtment

More information

On the Optimal Marginal Rate of Income Tax

On the Optimal Marginal Rate of Income Tax On the Optmal Margnal Rate of Income Tax Gareth D Myles Insttute for Fscal Stues an Unversty of Exeter June 999 Abstract: The paper shows that n the quas-lnear moel of ncome taxaton, the optmal margnal

More information

Risk Aversion and Stock Prices

Risk Aversion and Stock Prices Rsk Averson and Stock Prces Ray C. Far revsed February 2003 Abstract Ths paper uses data on companes that have been n the S&P 500 ndex snce 1957 to examne whether rsk averson has decreased snce 1995. The

More information

MEMORANDUM. The Link between International Remittances and Private Interhoushold Transfers. No 14/2012. Berhe Mekonnen Beyene

MEMORANDUM. The Link between International Remittances and Private Interhoushold Transfers. No 14/2012. Berhe Mekonnen Beyene MEMORANDUM No 14/2012 The Lnk between Internatonal Remttances an Prvate Interhoushol Transfers Berhe Mekonnen Beyene ISSN: 0809-8786 Department of Economcs Unversty of Oslo Ths seres s publshe by the Unversty

More information

We are now ready to answer the question: What are the possible cardinalities for finite fields?

We are now ready to answer the question: What are the possible cardinalities for finite fields? Chapter 3 Fnte felds We have seen, n the prevous chapters, some examples of fnte felds. For example, the resdue class rng Z/pZ (when p s a prme) forms a feld wth p elements whch may be dentfed wth the

More information

Section 5.4 Annuities, Present Value, and Amortization

Section 5.4 Annuities, Present Value, and Amortization Secton 5.4 Annutes, Present Value, and Amortzaton Present Value In Secton 5.2, we saw that the present value of A dollars at nterest rate per perod for n perods s the amount that must be deposted today

More information

Cluster Analysis. Cluster Analysis

Cluster Analysis. Cluster Analysis Cluster Analyss Cluster Analyss What s Cluster Analyss? Types of Data n Cluster Analyss A Categorzaton of Maor Clusterng Methos Parttonng Methos Herarchcal Methos Densty-Base Methos Gr-Base Methos Moel-Base

More information

Rotation Kinematics, Moment of Inertia, and Torque

Rotation Kinematics, Moment of Inertia, and Torque Rotaton Knematcs, Moment of Inerta, and Torque Mathematcally, rotaton of a rgd body about a fxed axs s analogous to a lnear moton n one dmenson. Although the physcal quanttes nvolved n rotaton are qute

More information

The Effect of Internet Security Breach Announcements on Market Value of Breached Firms and Internet Security Developers

The Effect of Internet Security Breach Announcements on Market Value of Breached Firms and Internet Security Developers The Effect of Internet Securty Breach Announcements on Market Value of Breached Frms and Internet Securty Developers Huseyn Cavusoglu, Brendra Mshra, Srnvasan Raghunathan huseyn@utdallas.edu, bmshra@utdallas.edu,

More information

PROBABILISTIC DECISION ANALYSIS FOR SEISMIC REHABILITATION OF A REGIONAL BUILDING SYSTEM

PROBABILISTIC DECISION ANALYSIS FOR SEISMIC REHABILITATION OF A REGIONAL BUILDING SYSTEM 3 th Worl Conference on Earthquake Engneerng Vancouver, B.C., Canaa August -6, 4 Paper No. 54 PROBABILISTIC DECISION ANALYSIS FOR SEISMIC REHABILITATION OF A REGIONAL BILDING SYSTEM Joonam PARK, Barry

More information

Epidemics in heterogeneous communities: estimation of R 0 and secure vaccination coverage

Epidemics in heterogeneous communities: estimation of R 0 and secure vaccination coverage J. R. Statst. Soc. B 2001) 63, Part 4, pp. 705±715 Epdemcs n heterogeneous communtes: estmaton of R 0 and secure vaccnaton coverage Tom Brtton Uppsala Unversty, Sweden [Receved January 2000. Fnal revson

More information

On-Line Fault Detection in Wind Turbine Transmission System using Adaptive Filter and Robust Statistical Features

On-Line Fault Detection in Wind Turbine Transmission System using Adaptive Filter and Robust Statistical Features On-Lne Fault Detecton n Wnd Turbne Transmsson System usng Adaptve Flter and Robust Statstcal Features Ruoyu L Remote Dagnostcs Center SKF USA Inc. 3443 N. Sam Houston Pkwy., Houston TX 77086 Emal: ruoyu.l@skf.com

More information

Luby s Alg. for Maximal Independent Sets using Pairwise Independence

Luby s Alg. for Maximal Independent Sets using Pairwise Independence Lecture Notes for Randomzed Algorthms Luby s Alg. for Maxmal Independent Sets usng Parwse Independence Last Updated by Erc Vgoda on February, 006 8. Maxmal Independent Sets For a graph G = (V, E), an ndependent

More information

On the computation of the capital multiplier in the Fortis Credit Economic Capital model

On the computation of the capital multiplier in the Fortis Credit Economic Capital model On the computaton of the captal multpler n the Forts Cret Economc Captal moel Jan Dhaene 1, Steven Vuffel 2, Marc Goovaerts 1, Ruben Oleslagers 3 Robert Koch 3 Abstract One of the key parameters n the

More information

This study examines whether the framing mode (narrow versus broad) influences the stock investment decisions

This study examines whether the framing mode (narrow versus broad) influences the stock investment decisions MANAGEMENT SCIENCE Vol. 54, No. 6, June 2008, pp. 1052 1064 ssn 0025-1909 essn 1526-5501 08 5406 1052 nforms do 10.1287/mnsc.1070.0845 2008 INFORMS How Do Decson Frames Influence the Stock Investment Choces

More information

Fixed income risk attribution

Fixed income risk attribution 5 Fxed ncome rsk attrbuton Chthra Krshnamurth RskMetrcs Group chthra.krshnamurth@rskmetrcs.com We compare the rsk of the actve portfolo wth that of the benchmark and segment the dfference between the two

More information

HYPOTHESIS TESTING: POWER OF THE TEST

HYPOTHESIS TESTING: POWER OF THE TEST HYPOTHESIS TESTING: POWER OF THE TEST The first 6 steps of the 9-step test of hypothesis are called "the test". These steps are not dependent on the observed data values. When planning a research project,

More information

Project Networks With Mixed-Time Constraints

Project Networks With Mixed-Time Constraints Project Networs Wth Mxed-Tme Constrants L Caccetta and B Wattananon Western Australan Centre of Excellence n Industral Optmsaton (WACEIO) Curtn Unversty of Technology GPO Box U1987 Perth Western Australa

More information

Effects of Extreme-Low Frequency Electromagnetic Fields on the Weight of the Hg at the Superconducting State.

Effects of Extreme-Low Frequency Electromagnetic Fields on the Weight of the Hg at the Superconducting State. Effects of Etreme-Low Frequency Electromagnetc Felds on the Weght of the at the Superconductng State. Fran De Aquno Maranhao State Unversty, Physcs Department, S.Lus/MA, Brazl. Copyrght 200 by Fran De

More information

Module 2 LOSSLESS IMAGE COMPRESSION SYSTEMS. Version 2 ECE IIT, Kharagpur

Module 2 LOSSLESS IMAGE COMPRESSION SYSTEMS. Version 2 ECE IIT, Kharagpur Module LOSSLESS IMAGE COMPRESSION SYSTEMS Lesson 3 Lossless Compresson: Huffman Codng Instructonal Objectves At the end of ths lesson, the students should be able to:. Defne and measure source entropy..

More information

Estimation of σ 2, the variance of ɛ

Estimation of σ 2, the variance of ɛ Estimation of σ 2, the variance of ɛ The variance of the errors σ 2 indicates how much observations deviate from the fitted surface. If σ 2 is small, parameters β 0, β 1,..., β k will be reliably estimated

More information

Online Appendix Supplemental Material for Market Microstructure Invariance: Empirical Hypotheses

Online Appendix Supplemental Material for Market Microstructure Invariance: Empirical Hypotheses Onlne Appendx Supplemental Materal for Market Mcrostructure Invarance: Emprcal Hypotheses Albert S. Kyle Unversty of Maryland akyle@rhsmth.umd.edu Anna A. Obzhaeva New Economc School aobzhaeva@nes.ru Table

More information

Outsourcing inventory management decisions in healthcare: Models and application

Outsourcing inventory management decisions in healthcare: Models and application European Journal of Operatonal Research 154 (24) 271 29 O.R. Applcatons Outsourcng nventory management decsons n healthcare: Models and applcaton www.elsever.com/locate/dsw Lawrence Ncholson a, Asoo J.

More information

BA 275 Review Problems - Week 5 (10/23/06-10/27/06) CD Lessons: 48, 49, 50, 51, 52 Textbook: pp. 380-394

BA 275 Review Problems - Week 5 (10/23/06-10/27/06) CD Lessons: 48, 49, 50, 51, 52 Textbook: pp. 380-394 BA 275 Review Problems - Week 5 (10/23/06-10/27/06) CD Lessons: 48, 49, 50, 51, 52 Textbook: pp. 380-394 1. Does vigorous exercise affect concentration? In general, the time needed for people to complete

More information

Traffic-light extended with stress test for insurance and expense risks in life insurance

Traffic-light extended with stress test for insurance and expense risks in life insurance PROMEMORIA Datum 0 July 007 FI Dnr 07-1171-30 Fnansnspetonen Författare Bengt von Bahr, Göran Ronge Traffc-lght extended wth stress test for nsurance and expense rss n lfe nsurance Summary Ths memorandum

More information

Two-sample hypothesis testing, II 9.07 3/16/2004

Two-sample hypothesis testing, II 9.07 3/16/2004 Two-sample hypothesis testing, II 9.07 3/16/004 Small sample tests for the difference between two independent means For two-sample tests of the difference in mean, things get a little confusing, here,

More information

Conversion between the vector and raster data structures using Fuzzy Geographical Entities

Conversion between the vector and raster data structures using Fuzzy Geographical Entities Converson between the vector and raster data structures usng Fuzzy Geographcal Enttes Cdála Fonte Department of Mathematcs Faculty of Scences and Technology Unversty of Combra, Apartado 38, 3 454 Combra,

More information

Brigid Mullany, Ph.D University of North Carolina, Charlotte

Brigid Mullany, Ph.D University of North Carolina, Charlotte Evaluaton And Comparson Of The Dfferent Standards Used To Defne The Postonal Accuracy And Repeatablty Of Numercally Controlled Machnng Center Axes Brgd Mullany, Ph.D Unversty of North Carolna, Charlotte

More information

Is There A Tradeoff between Employer-Provided Health Insurance and Wages?

Is There A Tradeoff between Employer-Provided Health Insurance and Wages? Is There A Tradeoff between Employer-Provded Health Insurance and Wages? Lye Zhu, Southern Methodst Unversty October 2005 Abstract Though most of the lterature n health nsurance and the labor market assumes

More information

CHAPTER 5 RELATIONSHIPS BETWEEN QUANTITATIVE VARIABLES

CHAPTER 5 RELATIONSHIPS BETWEEN QUANTITATIVE VARIABLES CHAPTER 5 RELATIONSHIPS BETWEEN QUANTITATIVE VARIABLES In ths chapter, we wll learn how to descrbe the relatonshp between two quanttatve varables. Remember (from Chapter 2) that the terms quanttatve varable

More information

PRACTICE 1: MUTUAL FUNDS EVALUATION USING MATLAB.

PRACTICE 1: MUTUAL FUNDS EVALUATION USING MATLAB. PRACTICE 1: MUTUAL FUNDS EVALUATION USING MATLAB. INDEX 1. Load data usng the Edtor wndow and m-fle 2. Learnng to save results from the Edtor wndow. 3. Computng the Sharpe Rato 4. Obtanng the Treynor Rato

More information

Vasicek s Model of Distribution of Losses in a Large, Homogeneous Portfolio

Vasicek s Model of Distribution of Losses in a Large, Homogeneous Portfolio Vascek s Model of Dstrbuton of Losses n a Large, Homogeneous Portfolo Stephen M Schaefer London Busness School Credt Rsk Electve Summer 2012 Vascek s Model Important method for calculatng dstrbuton of

More information

Non-Inferiority Tests for Two Means using Differences

Non-Inferiority Tests for Two Means using Differences Chapter 450 on-inferiority Tests for Two Means using Differences Introduction This procedure computes power and sample size for non-inferiority tests in two-sample designs in which the outcome is a continuous

More information

Demographic and Health Surveys Methodology

Demographic and Health Surveys Methodology samplng and household lstng manual Demographc and Health Surveys Methodology Ths document s part of the Demographc and Health Survey s DHS Toolkt of methodology for the MEASURE DHS Phase III project, mplemented

More information

Richard W. Andrews and William C. Birdsall, University of Michigan Richard W. Andrews, Michigan Business School, Ann Arbor, MI 48109-1234.

Richard W. Andrews and William C. Birdsall, University of Michigan Richard W. Andrews, Michigan Business School, Ann Arbor, MI 48109-1234. SIMULTANEOUS CONFIDENCE INTERVALS: A COMPARISON UNDER COMPLEX SAMPLING Rchard W. Andrews and Wllam C. Brdsall, Unversty of Mchgan Rchard W. Andrews, Mchgan Busness School, Ann Arbor, MI 48109-1234 EY WORDS:

More information

Gender differences in revealed risk taking: evidence from mutual fund investors

Gender differences in revealed risk taking: evidence from mutual fund investors Economcs Letters 76 (2002) 151 158 www.elsever.com/ locate/ econbase Gender dfferences n revealed rsk takng: evdence from mutual fund nvestors a b c, * Peggy D. Dwyer, James H. Glkeson, John A. Lst a Unversty

More information

Returns to Experience in Mozambique: A Nonparametric Regression Approach

Returns to Experience in Mozambique: A Nonparametric Regression Approach Returns to Experence n Mozambque: A Nonparametrc Regresson Approach Joel Muzma Conference Paper nº 27 Conferênca Inaugural do IESE Desafos para a nvestgação socal e económca em Moçambque 19 de Setembro

More information

Measurement of Farm Credit Risk: SUR Model and Simulation Approach

Measurement of Farm Credit Risk: SUR Model and Simulation Approach Measurement of Farm Credt Rsk: SUR Model and Smulaton Approach Yan Yan, Peter Barry, Ncholas Paulson, Gary Schntkey Contact Author Yan Yan Unversty of Illnos at Urbana-Champagn Department of Agrcultural

More information

Implementation of Deutsch's Algorithm Using Mathcad

Implementation of Deutsch's Algorithm Using Mathcad Implementaton of Deutsch's Algorthm Usng Mathcad Frank Roux The followng s a Mathcad mplementaton of Davd Deutsch's quantum computer prototype as presented on pages - n "Machnes, Logc and Quantum Physcs"

More information

Time Value of Money. Types of Interest. Compounding and Discounting Single Sums. Page 1. Ch. 6 - The Time Value of Money. The Time Value of Money

Time Value of Money. Types of Interest. Compounding and Discounting Single Sums. Page 1. Ch. 6 - The Time Value of Money. The Time Value of Money Ch. 6 - The Tme Value of Money Tme Value of Money The Interest Rate Smple Interest Compound Interest Amortzng a Loan FIN21- Ahmed Y, Dasht TIME VALUE OF MONEY OR DISCOUNTED CASH FLOW ANALYSIS Very Important

More information

A) 0.1554 B) 0.0557 C) 0.0750 D) 0.0777

A) 0.1554 B) 0.0557 C) 0.0750 D) 0.0777 Math 210 - Exam 4 - Sample Exam 1) What is the p-value for testing H1: µ < 90 if the test statistic is t=-1.592 and n=8? A) 0.1554 B) 0.0557 C) 0.0750 D) 0.0777 2) The owner of a football team claims that

More information

Energy prices, energy efficiency, and fuel poverty 1. Vivien Foster, Jean-Philippe Tre, and Quentin Wodon. World Bank. September 2000.

Energy prices, energy efficiency, and fuel poverty 1. Vivien Foster, Jean-Philippe Tre, and Quentin Wodon. World Bank. September 2000. Energy prces, energy effcency, and fuel poverty 1 Vven Foster, Jean-Phlppe Tre, and Quentn Wodon World Bank September 2000 Abstract Because electrcty s much more effcent than other sources of energy for

More information

Estimating Total Claim Size in the Auto Insurance Industry: a Comparison between Tweedie and Zero-Adjusted Inverse Gaussian Distribution

Estimating Total Claim Size in the Auto Insurance Industry: a Comparison between Tweedie and Zero-Adjusted Inverse Gaussian Distribution Avalable onlne at http:// BAR, Curtba, v. 8, n. 1, art. 3, pp. 37-47, Jan./Mar. 2011 Estmatng Total Clam Sze n the Auto Insurance Industry: a Comparson between Tweede and Zero-Adjusted Inverse Gaussan

More information

Control Charts with Supplementary Runs Rules for Monitoring Bivariate Processes

Control Charts with Supplementary Runs Rules for Monitoring Bivariate Processes Control Charts wth Supplementary Runs Rules for Montorng varate Processes Marcela. G. Machado *, ntono F.. Costa * * Producton Department, Sao Paulo State Unversty, Campus of Guaratnguetá, 56-4 Guaratnguetá,

More information

Exact GP Schema Theory for Headless Chicken Crossover and Subtree Mutation

Exact GP Schema Theory for Headless Chicken Crossover and Subtree Mutation Exact GP Schema Theory for Healess Chcken Crossover an Subtree Mutaton Rccaro Pol School of Computer Scence The Unversty of Brmngham Brmngham, B5 TT, UK R.Pol@cs.bham.ac.uk Ncholas F. McPhee Dvson of Scence

More information

Introduction to Hypothesis Testing. Hypothesis Testing. Step 1: State the Hypotheses

Introduction to Hypothesis Testing. Hypothesis Testing. Step 1: State the Hypotheses Introduction to Hypothesis Testing 1 Hypothesis Testing A hypothesis test is a statistical procedure that uses sample data to evaluate a hypothesis about a population Hypothesis is stated in terms of the

More information

8.5 UNITARY AND HERMITIAN MATRICES. The conjugate transpose of a complex matrix A, denoted by A*, is given by

8.5 UNITARY AND HERMITIAN MATRICES. The conjugate transpose of a complex matrix A, denoted by A*, is given by 6 CHAPTER 8 COMPLEX VECTOR SPACES 5. Fnd the kernel of the lnear transformaton gven n Exercse 5. In Exercses 55 and 56, fnd the mage of v, for the ndcated composton, where and are gven by the followng

More information