Question: Suppose that X1, . . . , Xn form a random sample from an exponential distribution for which the value of the parameter is

Suppose that X1, . . . , Xn form a random sample from an exponential distribution for which the value of the parameter β is unknown (β > 0) and must be estimated by using the squared error loss function. Let δ be the estimator such that δ(X1, . . . , Xn) = 3 for all possible values of X1, . . . , Xn.
a. Determine the value of the M.S.E. R(β, δ) for β > 0.
b. Explain why the estimator δ must be admissible.

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a Since the value of is always 3 R 3 2 b Since R3 0 no other e... View full answer

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