Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SECTION A QUESTIONS 4 Suppose a sample Y1, m, 1 is selected from an exponential distribution with E (K) = I? and V (K) =

image text in transcribed

image text in transcribedimage text in transcribed
SECTION A QUESTIONS 4" Suppose a sample Y1, m, 1" is selected from an exponential distribution with E (K) = I? and V (K) = :92. Let g be an estimator of the mean, 3. 1. Explain What a parameter is. What is the parameter of interest in this case? 2. Name the properties of a good estimator and explain, shortly, what is meant by sash. {a} (b) 3. Given the properties you discussed in (:2) and the parameter of interest identied in (I), what estimator would you propose? 4. \"that would the sampling distribution of this estimator he? \"'hy? SECTION B QUESTIONSM The farmers\" association of the Amatole region in the Eastern Cape wants to report on the average milk production in this region. It has been shown that the milk production in this region is normally distributed with mean p and variance 02. Suppose a random sample of farms,Yl, 352,?31 '1'; is taken from the region. Consider the following estimators of I9: fl] = l7 and {52 2 21312HK 1. Identify the parameter of interest. 2. You have been presented with two estimators of the parameter of interest. (a) Find the expected 1.ralue of each of the estimators. {b} Find the variance of each of the estimators. (c) Based on your calculations in (a) and (b), which estimator would you choose and why

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

Discrete Mathematics

Authors: Gary Chartrand, Ping Zhang

1st Edition

1478616261, 9781478616269

More Books

Students also viewed these Mathematics questions

Question

Explain possible uses for single-case research.

Answered: 1 week ago

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago

Question

8. What are the costs of collecting the information?

Answered: 1 week ago

Question

1. Build trust and share information with others.

Answered: 1 week ago