3. The Lévy distribution with parameter > 0 is characterized by having the density f(x; 0): {√ = (b) (a) Suppose we have samples x₁,..., n from the Lévy distribution with parameter 0. Find the maximum likelihood esti- mator for 0. (d) 270x3 exp(-20), Is your estimator from part (a) unbiased? 1 Hint: are samples from a Gamma distribution with parameters k = 1/2 and X = 1/(20). X1 Xn (c) x > 0 x ≤ 0 useful here as well. What is Var(). The hint from part (b) will be Show that the distribution of the samples 1/x1,..., 1/xn is in fact a Gamma distribution with the parameters spec- ified in the hint of part (b). It might be useful to know that I(1/2) = √T.

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Please do c and d

3. The Lévy distribution with parameter > 0 is characterized by having the
density
f(x; 0)
(b)
(d)
-{√
=
(a)
Suppose we have samples x₁,...,xn from the
Lévy distribution with parameter 0. Find the maximum likelihood esti-
mator for 0.
270T³3 exp(-21),
Is your estimator from part (a) unbiased?
Hint: 1
1 are samples from a Gamma distribution with parameters
k = 1/2 and X = 1/(20).
X1
Xn
(c)
useful here as well.
x > 0
x ≤ 0
What is Var(). The hint from part (b) will be
Show that the distribution of the samples
1/x₁,..., 1/xn is in fact a Gamma distribution with the parameters spec-
ified in the hint of part (b). It might be useful to know that I(1/2) = √√.
Transcribed Image Text:3. The Lévy distribution with parameter > 0 is characterized by having the density f(x; 0) (b) (d) -{√ = (a) Suppose we have samples x₁,...,xn from the Lévy distribution with parameter 0. Find the maximum likelihood esti- mator for 0. 270T³3 exp(-21), Is your estimator from part (a) unbiased? Hint: 1 1 are samples from a Gamma distribution with parameters k = 1/2 and X = 1/(20). X1 Xn (c) useful here as well. x > 0 x ≤ 0 What is Var(). The hint from part (b) will be Show that the distribution of the samples 1/x₁,..., 1/xn is in fact a Gamma distribution with the parameters spec- ified in the hint of part (b). It might be useful to know that I(1/2) = √√.
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