Return to the problem of estimating the population proportion p and consider another adjusted estimator, namely The
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Question:
Return to the problem of estimating the population proportion p and consider another adjusted estimator, namely
The justification for this estimator comes from the Bayesian approach to point estimation to be intro-duced in Section 14.4.
a. Determine the men quare error of this estimator. What do you find interesting about this MSE?
b. Compare the MSE of this estimator to the MSE of the usual estimator (The sample proportion).
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