Let f{x|θ) be the Cauchy scale pdf (a) Show that this family does not have an MLR.
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(a) Show that this family does not have an MLR.
(b) If X is one observation from f(x|θ), show that |X| is sufficient for θ and that the distribution of |X| does have an MLR.
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...
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