Question: please answer the attached problem 5. (9 pt) Suppose Y; , Y2 , ..., Y; constitute a random sample from an exponential distribution with parameter
please answer the attached problem

5. (9 pt) Suppose Y; , Y2 , ..., Y; constitute a random sample from an exponential distribution with parameter , ,6 > 0. a. (5) Consider 5' = 5 Y" as an estimator for . Is n an unbiased estimator for ? Why or why not? Find the bias of 5 as an estimator for if it is not unbiased. Find the MSE of as an estimator for . b. (4) Can you use Theorem 9.1 or Week Law of Large Numbers to determine if 3 = 5 Y\" is a consistent estimator for ,6 ? Explain
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
