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Suppose that {y1, y2, y3} denote a random sample from an exponential distribution with density function f(y) = 1 ? e ?y/?, for y >
Suppose that {y1, y2, y3} denote a random sample from an exponential distribution with density function f(y) = 1 ? e ?y/?, for y > 0 0 otherwise. Consider the following five estimators: ??1 = y1, ??2 = y1 + y2 2 , ??3 = y1 + 2y2 3 , ??4 = min {y1, y2, y3} , ??5 = Y
(a) Which of these estimators are unbiased?
(b) Among the unbiased estimators, which has the smallest variance
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