i) Derive the standard error of ß, se(B) = 0.0009, using MLE approach. ii) Find an approximate 95% Confidence interval for B.

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c) Let Y₁, Y₂Y₁ be a random sample whose probability density function is given by
= { vare 7,
0,
f(y;B) = 684
0<y<∞o and ß>0
elsewhere
and suppose that n = 200,
y = 20, y = 100,
200
i) Derive the standard error of ß, se(B) = 0.0009, using MLE approach.
ii) Find an approximate 95% Confidence interval for B.
y = 250 and $ = 0.025.
Transcribed Image Text:c) Let Y₁, Y₂Y₁ be a random sample whose probability density function is given by = { vare 7, 0, f(y;B) = 684 0<y<∞o and ß>0 elsewhere and suppose that n = 200, y = 20, y = 100, 200 i) Derive the standard error of ß, se(B) = 0.0009, using MLE approach. ii) Find an approximate 95% Confidence interval for B. y = 250 and $ = 0.025.
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Firstly it is required to determine the MLE of the parameter and then the variance to get the required confidence interval.

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