Question

7) Consider two estimators for population mean, both based off of a sample of size 3: •î = X2+2X2 + X3 • î2 = X1+X2+X Find th
0 0
Add a comment Improve this question Transcribed image text
Answer #1

TOPIC:Bias of an estimator.

7. n Suppose, X, X2, Xz be 3 bandom samples from a population with mean : we have E (xi) = M ; & i = 1, 2, 3. Define = x + 2X, + x2 + x3 Again, Again, o u = X1 + X 2 + x3 + [5 (%) +E (x) + € (tal] - + [***+). Ex : 60 - (+a). Bias (uz) = E (als) – m.

observe that is an unbiased estimators of me, but u is a biased estimaton of a So, we should prefer the unbiased estimator (s

Add a comment
Know the answer?
Add Answer to:
7) Consider two estimators for population mean, both based off of a sample of size 3:...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Suppose you have a random sample {X1, X2, X3} of size n = 3. Consider the following three possible estimators for the p...

    Suppose you have a random sample {X1, X2, X3} of size n = 3. Consider the following three possible estimators for the population mean u and variance o2 Дi 3D (X1+ X2+ X3)/3 Ti2X1/4 X2/2 X3/4 Дз — (Х+ X,+ X3)/4 (a) What is the bias associated with each estimator? (b) What is the variance associated with each estimator? (c) Does the fact that Var(i3) < Var(1) contradict the statement that X is the minimum variance unbiased estimator? Why or...

  • Estimator properties: 6 Estimators properties 6.1 Exercise 1 In order to estimate the average number of...

    Estimator properties: 6 Estimators properties 6.1 Exercise 1 In order to estimate the average number of hours that children spend watching tv, a Bernoulli sample of size n = 5 children was selected from a primary school. Let X be the variable that represents the hours spent watching tv, let E(X)-μ the parameter to estimate and var(X-σ2 the variance. Compare the following two proposed estimators Τι 1. Compare the two estimators for u on the basis of their bias 2....

  • 7-27. Let X1, X2,..., X, be a random sample of size n from a population with...

    7-27. Let X1, X2,..., X, be a random sample of size n from a population with mean u and variance o?. (a) Show that X² is a biased estimator for u?. (b) Find the amount of bias in this estimator. c) What happens to the bias as the sample size n increases?

  • For the same topic 5) Consider an i.i.d. population {X1, X2,...} and take a sample of size 4. Show that if we take ſ...

    For the same topic 5) Consider an i.i.d. population {X1, X2,...} and take a sample of size 4. Show that if we take ſ = X 4 to be a point estimator for population mean, that this is an unbiased estimator. 6) Consider another i.i.d. population, {X1, X2,...}, and take o2 = X to be an estimator for population variance. Find the bias in this estimator Is it unbiased? If not, does it give values that are too high or...

  • Please give detailed steps. Thank you. 5. Let {X1, X2,..., Xn) denote a random sample of...

    Please give detailed steps. Thank you. 5. Let {X1, X2,..., Xn) denote a random sample of size N from a population d escribed by a random variable X. Let's denote the population mean of X by E(X) - u and its variance by Consider the following four estimators of the population mean μ : 3 (this is an example of an average using only part of the sample the last 3 observations) (this is an example of a weighted average)...

  • Question 1. Let Xi, X2, X3, X4 be a random sample from a population X with...

    Question 1. Let Xi, X2, X3, X4 be a random sample from a population X with mean E(X)-? and standard deviation Sd(X)-. Consider the following two estimators for (a) Compute the bias for and ?2 respectively. (c) Which estimator is better? Why?

  • Let X1, X2, X3, and X4 be a random sample of observations from a population with...

    Let X1, X2, X3, and X4 be a random sample of observations from a population with mean μ and variance σ2. The observations are independent because they were randomly drawn. Consider the following two point estimators of the population mean μ: 1 = 0.10 X1 + 0.40 X2 + 0.40 X3 + 0.10 X4 and 2 = 0.20 X1 + 0.30 X2 + 0.30 X3 + 0.20 X4 Which of the following statements is true? HINT: Use the definition of...

  • If the population is normally distributed, both the sample mean and the median are unbiased estimators...

    If the population is normally distributed, both the sample mean and the median are unbiased estimators of the population mean O А True o B False O с Not sure Unanswered . 1 attempt left Submit Question 4 Homework. Unanswered A sample statistic such that the mean of all its possible values equals the population parameter the statistic seeks to estimate is an unbiased estimator. А True B False The bias of an estimator Bhat is equal to E(hat) -...

  • Question 6: [12 Marks: 5, 3, 41 Let X1, X2, ..., X6 be a random sample...

    Question 6: [12 Marks: 5, 3, 41 Let X1, X2, ..., X6 be a random sample from a population following a Gamma distribution with parameters a and B. Consider the following two estimators of the mean (a/b) of this distribution. Ô2 = X And ôz = ž (X1 + X2 + X3) +ś (X4 + X5 + X3) Where I = (X1 + X2 + ... + X6) (a) Determine the sampling distribution of 7 using moment generating functions. (b)...

  • 7.Let X1, X2, X3, and X4 be a random sample of observations from a population with...

    7.Let X1, X2, X3, and X4 be a random sample of observations from a population with mean μ and variance σ2. Consider the following estimator of μ:⊝1 = 0.15 X1 + 0.35 X2 + 0.20 X3 + 0.30 X4. Is this a biased estimator for the mean? What is the variance of the estimator? Can you find a more efficient estimator?

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT