For 10 coins, let πi denote the probability of a head for coin i. You flip each coin 5 times. The sample numbers of heads are (2, 4, 1, 3, 3, 5, 4, 2, 3, 1). a. Report the sample proportion estimates...

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For 10 coins, let πi denote the probability of a head for coin i. You flip each coin 5 times. The sample numbers of heads are (2, 4, 1, 3, 3, 5, 4, 2, 3, 1).


a. Report the sample proportion estimates of πi. Formulate a model for which these are the ML estimates.


b. Formulate a random effects model for the data. Using software, obtain predicted values {πˆi}.


c. Suppose all πi = 0.50. Compare the estimates in (a) and in (b) by finding the average absolute distance of the estimates from 0.50 in each case. What does this suggest?



Answered 284 days AfterDec 11, 2021

Answer To: For 10 coins, let πi denote the probability of a head for coin i. You flip each coin 5 times. The...

Sathishkumar answered on Sep 22 2022
68 Votes
Explanation:
EXPLANATION 1:
· The sample proportion estimates of πi are 0.40, 0.80, 0.20, 0.60, an
d 0.60. The model for which these are the ML estimates is a binomial model with n = 5 and p = 0.5. 
· This model is a good fit for the data because it is able to estimate the probabilities of each coin accurately. 
·
 
EXPLANATION 2:
· The random effects model for the data is a binomial model with n = 5 and p = 0.5. The predicted values {πˆi} are 0.50, 0.50, 0.50, 0.50, and 0.50. 
· This model is not a good fit for the data because it does not accurately estimate the probabilities of each coin. 
EXPLANATION 3:
· The estimates in (a) are closer to 0.50 than the estimates in (b). This suggests that the binomial model with n = 5 and p = 0.5 is a better model for the...
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