Question: PLEASE ANSWER USING ALL STEPS Assume you don't know what statistics to use to estimate a population mean a. You observe n observations of (pi)

PLEASE ANSWER USING ALL STEPS

Assume you don't know what statistics to use to estimate a population mean a. You observe n observations of (pi) from a random sample of the population. a} Set the OLE problem to estimate p, nd the rst-order conditions and de- scribe (in words): as precisely as possible, what is measured by 1&0!\" S, the OLE estimator of a. Show that you are indeed minimising the sum of squared resid- uals, and not maJdJnjeing it. b} What is the expected value of DL'S? Show your work. c) What is the variance #10335? Show your work

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