c)Let Y₁, Y₂, ..., Yn be a random sample whose probability density function is given by- {70,f(y; B) =0 0elsewhere100, Σ?fyand suppose that n = 200, Z=1 yi = : 20, Σ? y200200=ii) Find an approximate 95% Confidence interval for ß.= 250 and 3 = 0.025.

Answered: ii) Find an approximate 95% Confidence…

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Probability

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

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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Question

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

Step 1

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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