Question: 24. If the loss function in a point estimation problem is of the form L (a, 6) 0 1 if | a 9 |

24. If the loss function in a point estimation problem is of the form L

(a, 6)

0 1

if | a — 9 | < k, otherwise, where k is some very small positive number, what would the optimal estimate be? Can you think of any realistic situations in which the loss function might be of this form?

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 Statistics Informed Decisions Using Data Questions!

Q:

24. If the loss function in a point estimation problem is of the form L (a, 6) 0 1 if | a 9 |

Q:

18. Prove that if a decision makers loss function in a point estimation problem is given by Equation (9.12.1), then the kj (ku + k0) fractile of the decision makers distribution of 6 is the optimal...

Q:

18. Prove that if a decision makers loss function in a point estimation problem is given by Equation (9.12.1), then the kj (ku + k0) fractile of the decision makers distribution of 6 is the optimal...

Q:

CS 7641 CSE/ISYE 6740 Homework 3 Le Song Deadline: 11/07 Mon, 11:55pm Submit your answers as an electronic copy on T-square. No unapproved extension of deadline is allowed. Zero credit will be...

Q:

22. If a person faces a point estimation problem with a linear loss function with ku 4 and k0 = 3, does he need to assess an entire probability distribution or can he determine a certainty...

Q:

22. If a person faces a point estimation problem with a linear loss function with ku 4 and k0 = 3, does he need to assess an entire probability distribution or can he determine a certainty...

Q:

Due Sunday, 11/20: Problems from Zimmerman text: 2-11, 2-44, Case 2-3, 7-7, and 7-20 Chapter Two The Nature of Costs Chapter Outline A. Opportunity Costs 1. Characteristics of Opportunity Costs 2....

Q:

I have the following completed: 1120, 2220,1125 A , 1125 E I need the following forms completed asap:SCHEDULE D and G form 4562, form 4797 schedule detail M-1 it should be fairly easy to do the rest...

Q:

I have the following completed: 1120, 2220,1125 A , 1125 E I need the following forms completed asap:SCHEDULE D and G form 4562, form 4797 schedule detail M-1 it should be fairly easy to do the rest...

Q:

subject: Differential Equations pls read instructions do not use ai. drop all references and link Instructions ODE application. - find an article related to ODE application - provide a short...

Q:

The time between telephone calls to a cable television payment processing center follows an exponential distribution with a mean of 1.5 minutes. a. What is the probability that the time between the...

Q:

Suppose that you are offered a one-year long forward contract on S&R stocks (paying no dividend) at a forward price $1,200. What is the time-0 value of this deal to you as the buyer? What would...

Q:

mInterpreting Disclosure Related to IPO Carve-Out Bausch + Lomb Health issued the following press release related to a recent IPO transaction. a. Describe the accounting for the spin-off component of...

Q:

A friend taking calculus is puzzled. She remembers that for a function of one variable, if the first derivative is zero at a point and the second derivative is positive, then there must be a relative...

Q:

Is there a difference in the attitude toward extramarital affairs in the United States versus Canada? Pew Research surveyed a random sample of adults from each country and asked, "Do you personally...

Q:

In today's "wired" society, students believe that they can multitask. Research suggests that 5% of individuals truly have the ability to multitask. Can students multitask, or do they perform worse...

Q:

The following data represent the 5-year rate of return (in percent) for a random sample of stocks in financial services and an independent random sample of stocks in health care (a) Has there been a...

Q:

CHP 17 WHAT IS ACCOUNTING? INSTRUCTIONS: COMPLETE THE ACCOUNTING CAREER RESEARCH INFORMATION UTILIZING THE "OCCUPATIONAL OUTLOOK HANDBOOK" (place in your browser) WEBSITE. CUT/PASTE THE INFORMATION...

Q:

Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Total fixed selling expense 19 Total fixed...

Q:

XL2 881-41(-9) 21