31.Explain minimum variance unbiased estimation with example.Let yı, y2, ..., Yn be a random sample from a population with mean µ andvariance oʻ. Show that among all linear combinations Eay, which arei = 1unbiased estimators of µ, thè sample mean y has the smallest variance.

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Answered: Explain minimum variance unbiased…

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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Explain minimum variance unbiased estimation with example. Yn be a random sample from a population with mean u and 31. Let yı, y2 n variance oʻ. Show that among all linear combinations Eay, which are i= 1 unbiased estimators of u, the sample mean y has the smallest variance.