Example 17-8. X1, X2, and X3 is a random sample of size 3 from a population with mean value u and variance o?. T1, T2, T3 are the estimators used to estimate mean value µ, where T1= X1 + X2- X3, T2= 2X1 + 3X3-4X2, and T3 = (AX1 + X2 + X3)/3. (i) Are T1 and T2 unbiased estimators ? (ii) Find the value of A such that T3 is unbiased estimator for u. (iii) With this value of A is T3 a consistent estimator ? (iv) Which is the best estimator ?

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Example 17-8. X1, X2, and X3 is a random sample of size 3 from a population with mean
value u and variance ơ². T,, T2, T3 are the estimators used to estimate mean value µ, where
11
T1= X1 + X2 – X3, T2= 2X1+3X3– 4X2 ,
T3 =} (^X,
+ X2 + X3)/3.
and
|
(i) Are T1 and T2 unbiased estimators ?
(ii) Find the value of A such that T3 is unbiased estimator for u.
(iii) With this value of A is T3 a consistent estimator ?
(iv) Which is the best estimator ?
Transcribed Image Text:Example 17-8. X1, X2, and X3 is a random sample of size 3 from a population with mean value u and variance ơ². T,, T2, T3 are the estimators used to estimate mean value µ, where 11 T1= X1 + X2 – X3, T2= 2X1+3X3– 4X2 , T3 =} (^X, + X2 + X3)/3. and | (i) Are T1 and T2 unbiased estimators ? (ii) Find the value of A such that T3 is unbiased estimator for u. (iii) With this value of A is T3 a consistent estimator ? (iv) Which is the best estimator ?
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