Let X1, X2, . . . , X9 denote a random sample from a population having mean and variance 2 . Consider the following estimators of µ:
(a) Is either estimator unbiased?
(b) Which estimator is “better”? In what sense is it better?
Let X1, X2, . . . , X9 denote a random sample from a population having mean and variance 2 . Consider the following estimators of µ:
(a) Is either estimator unbiased?
(b) Which estimator is “better”? In what sense is it better?
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