We model the time until we catch a fish (in minutes), assuming it is an exponential distribution with an unknown parameter A. The observed times until a fish is caught are provided below: 3, 3+1, 3+2, 16. Find the value of the method of moments estimator for the parameter A for this dataset, based on the VARIANCE. For the same data, the method of quantiles estimator for A, based on the median, amounts to

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We model the time until we catch a fish (in minutes), assuming it is an exponential distribution with an unknown parameter A. The
observed times until a fish is caught are provided below:
3, 3+1, 3+2, , 16.
Find the value of the method of moments estimator for the parameter A for this dataset, based on the VARIANCE.
For the same data, the method of quantiles estimator for A, based on the median, amounts to
Transcribed Image Text:We model the time until we catch a fish (in minutes), assuming it is an exponential distribution with an unknown parameter A. The observed times until a fish is caught are provided below: 3, 3+1, 3+2, , 16. Find the value of the method of moments estimator for the parameter A for this dataset, based on the VARIANCE. For the same data, the method of quantiles estimator for A, based on the median, amounts to
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