24. If the loss function in a point estimation problem is of the form L (a, 6)...

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24. If the loss function in a point estimation problem is of the form L

(a, 6)

0 1

if | a — 9 | < k, otherwise, where k is some very small positive number, what would the optimal estimate be? Can you think of any realistic situations in which the loss function might be of this form?

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Ali Khawaja

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