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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 is given by
where
A random sample of students yields the following data.
a Use the method of moments to derive an estimator of the parameter by
finding 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 confidence interval for and comment on results. You must
show all your working and the reasons for the steps involved.
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