Suppose that X1, , Xn form a random sample from the uniform distribution on the interval 0, , where the value of the parameter is unknown and let Yn max(X1, , Xn) Show that (n 1) n Yn is an unbiased estimator of ...

For 0 y the cdf of Y n is Fy PrY y PrX 1 y X n y y n ...

Suppose that X1, . . . , Xn form a random sample from the uniform distribution on

Question:

Suppose that X1, . . . , Xn form a random sample from the uniform on the interval [0, θ], where the value of the parameter θ is unknown; and let Yn = max(X1, . . . , Xn). Show that [(n + 1)/n]Yn is an unbiased estimator of θ.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...