7. Let Y1, Y2, Y3, Y4 denote a random sample of size 4 from a normal distribution with both the mean, µ, and the variance, o? unknown. Consider the following two estimators for the mean, µ. Estimator 1= 1/3 Y1+ 1/3Y2+ 1/3Y3 Estimator 2= 1/8Y1 + 3/8Y2 +3/8Y3 +1/8Y4 a. Show both estimators are unbiased estimators of u b. Which of the two estimators is more efficient? Why? Need to show this.
7. Let Y1, Y2, Y3, Y4 denote a random sample of size 4 from a normal distribution with both the mean, µ, and the variance, o? unknown. Consider the following two estimators for the mean, µ. Estimator 1= 1/3 Y1+ 1/3Y2+ 1/3Y3 Estimator 2= 1/8Y1 + 3/8Y2 +3/8Y3 +1/8Y4 a. Show both estimators are unbiased estimators of u b. Which of the two estimators is more efficient? Why? Need to show this.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![7. Let Y1, Y2, Y3, Y4 denote a random sample of size 4 from a normal
distribution with both the mean, µ, and the variance, o? unknown. Consider
the following two estimators for the mean, u.
Estimator 1=
1/3 Y1+ 1/3Y2+ 1/3 Y3
Estimator 2=
1/8Y1 + 3/8Y2 +3/8Y3 +1/8Y4
a.
Show both estimators are unbiased estimators of u
b. Which of the two estimators is more efficient? Why? Need to show this.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1f133c63-1716-41d7-8ec5-0f87428512d1%2F70d0db73-b41a-48ad-aa30-39abfe52273f%2Fpexyvv_processed.png&w=3840&q=75)
Transcribed Image Text:7. Let Y1, Y2, Y3, Y4 denote a random sample of size 4 from a normal
distribution with both the mean, µ, and the variance, o? unknown. Consider
the following two estimators for the mean, u.
Estimator 1=
1/3 Y1+ 1/3Y2+ 1/3 Y3
Estimator 2=
1/8Y1 + 3/8Y2 +3/8Y3 +1/8Y4
a.
Show both estimators are unbiased estimators of u
b. Which of the two estimators is more efficient? Why? Need to show this.
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