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1. You wish to estimate μ, the expected value of Y. You have three data points, ~ N(μ, i), Y2 ~ N(μ, 2), and Y3 ~ N(μ, 3). (a) You estimate μ using the sample mean of your three random vari- Find the expected value of your sample mean (b) True or False (and state why): the sample mean with just three observations gives a biased estimate of μ, since it does not take into account any of the information from observations 4 through n

(c) Find the variance of your sample mean (d) Your friend says that there is another estimator, of the form that is unbiased and has a smaller variance than the sample mean from part (a). Find the expected value of your friends ,.

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