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I need full answer instead of ChatGPT like response. Problem 2 (5 pts) Let {x_(i):i=1,dots,n} be a random sample from an exponential distribution with
I need full answer instead of ChatGPT like response.\ \ Problem 2 (5 pts) Let
{x_(i):i=1,dots,n}
be a random sample from an exponential\ distribution with parameter
\\\\theta
, and probability density function\
f(x)=(1)/(\\\\theta )exp[-(1)/(\\\\theta )x]
\ where
\\\\theta in[0,\\\\infty ),xin[0,\\\\infty )
, and
E[x]=\\\\theta ,Var(x)=\\\\theta ^(2)
. The relevant loss function is\
L(p,d)=(n|\\\\theta -d|^(2))/(\\\\theta ^(2))
\ Consider exclusively unbiased rules, and assume that the smallest attainable risk among\ them is 1.\ Derive the ML estimator of
\\\\theta
; is it an optimal rule under these conditions? Is it\ minimax?
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