Question: Answer all the questions function: 3. Let X = {X1, X2, ..., X,} be a random sample from the probability density fx (:I; B) =

 Answer all the questions function: 3. Let X = {X1, X2,

Answer all the questions

..., X,} be a random sample from the probability density fx (:I;

function: 3. Let X = {X1, X2, ..., X,} be a random sample from the probability density fx (:I; B) = - 681 T' exp (-3 for r > 0 and 0 otherwise, where B > 0 is an unknown parameter. You are given that: E(X) - 43 and Var (X) = 482. (a) Derive the likelihood Linetion, the score function and the Fisher information for B. (6 marks) (b) What is the Cramer Rao lower bound for the variance of an unbiased estimator of B? (2 marks) (c) Find the maximum likelihood estimator of B. Is this the minimum variance unbiased estimator of B? Justify your answer. (6 marks) d) You are told that the sample size of the random sample is n - 15 and the sample mean is z - 7.5. Provide a 95% confidence interval for B. If we increase the value of r, and keep everything else constant, what will happen to the expected length of your provided interval? Justify your answer. (Hint: If Z ~ N(0, 1), then P(Z - 1.96) ~ 0.025.) (6 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!