Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A statistician is modelling the proportion of allotted time students spend working on a certain aptitude test. Suppose the random variable X denotes the proportion

A statistician is modelling the proportion of allotted time students spend working on a certain
aptitude test. Suppose the random variable X denotes the proportion of allotted time that a
randomly selected student spends working on the aptitude test and the probability density
function of x is given by
f(x,)=(+1)x,0x1
where -1.
A random sample of 10 students yields the following data.
a) Use the method of moments to derive an estimator of the parameter , by
finding E(x), and then compute the estimate for this data.
b) Obtain the maximum likelihood estimator of , and then compute the MLE for
this given data. Calculate the standard error of your MLE and provide an
approximate 95% confidence interval for and comment on results. You must
show all your working and the reasons for the steps involved.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

High School Math 2012 Common-core Algebra 2 Grade 10/11

Authors: Savvas Learning Co

Student Edition

9780133186024, 0133186024

More Books

Students also viewed these Mathematics questions