Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help on this statistics question. The question is specified as below. Thanks! Let *. .... I be an iid sample from and exponential

I need help on this statistics question. The question is specified as below. Thanks!

image text in transcribed
Let *. .... I be an iid sample from and exponential distribution with mean !) . ( a ) Let * = -` . = AL . Derive the joint pdf of Y . ... Y . ( Hint : find pdf of Y, first ) . ( b) It is easy to see that the sampling distribution of > Y, follows a Gamma( a , B ) . 1 = 1 determine the value of a and B . SX , ( C ) Explain why 1 =] O - is a pivotal quantity for deriving a Cl for O . ( d ) Now , suppose "1 = 10 and the average of the observed *. ... *, * = 2 . Use the pivotal method to derive and compute a 95% CI ( interval estimate ) for O . ( e ) Derive and compute the method of moments estimate of ! . ( 1) Derive the log - likelihood function for estimating @ and compute the maximum* likelihood estimate of 8

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

Step: 3

blur-text-image

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

Linear Algebra A Modern Introduction

Authors: David Poole

3rd edition

9781133169574 , 978-0538735452

More Books

Students also viewed these Mathematics questions

Question

18.What are the main advantages of co-funded investments?

Answered: 1 week ago