Mathematics, 28.05.2020 03:00 andybiersack154
Let Xi be a random variable from a uniform distribution on the interval [0,b]. Thus the lower bound is known but not the upper bound. You observe n many independent and identically distributed Xi ’s. What is the expected value of the sample mean X¯ = 1 n Pn i=1 Xi? How could you transform X¯ to make it an unbiased estimator of b (that is to say the expectation of the estimator is equal to b)
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Let Xi be a random variable from a uniform distribution on the interval [0,b]. Thus the lower bound...
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