Question
Let be a random sample from a population with mean
and variance
. Consider the estimator
$
(i) Find the bias of the estimator .
(ii) Find the variance of .
(iii) Hence, calculate the Mean Square Error (MSE) of .
Answer :
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The estimator is given as: [ \hat{\mu} = \frac{1}{n} \sum_{i=1}^n X_i + 2 ] (i) Bias of (\hat{\mu}): By definition, bias is: [ \text{Bias}(\hat{\mu}) = E[\hat{\mu}] - \mu ] Compute (E[\hat{\mu}]): [ E[\hat{\mu}] = E\left[\frac{1}{n}\sum_{i=1}^n X_i + 2\right] =
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