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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1 Let Y1, Y2, Y3, and Y4 be independent, identically distributed random variables from a popu- lation with mean m and variance 2. Let Y¯ 1 (Y1 Y2 Y3 Y4) denote the average of
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these four random variables.
(i) What are the expected value and variance of Y¯ in terms of m and 2?
(ii) Now, consider a different estimator of m:
W 1Y1 1Y2 1Y3 1Y4.
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8
4
2
This is an example of a weighted average of the Yi. Show that W is also an unbiased estimator of m. Find the variance of W.
(iii) Based on your answers to parts (i) and (ii), which estimator of m do you prefer,
Y¯ or W?
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