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ii) Find an approximate 95% Confidence interval for ß.

ii) Find an approximate 95% Confidence interval for ß.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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c) Let Y₁, Y₂, ..., Yn be a random sample whose probability density function is given by - {7 0, f(y; B) = 0 <y<∞ and p > 0 elsewhere 100, Σ?fy and suppose that n = 200, Z=1 yi = : 20, Σ? y 200 200 = ii) Find an approximate 95% Confidence interval for ß. = 250 and 3 = 0.025.
Transcribed Image Text:c) Let Y₁, Y₂, ..., Yn be a random sample whose probability density function is given by - {7 0, f(y; B) = 0 <y<∞ and p > 0 elsewhere 100, Σ?fy and suppose that n = 200, Z=1 yi = : 20, Σ? y 200 200 = ii) Find an approximate 95% Confidence interval for ß. = 250 and 3 = 0.025.
Expert Solution
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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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