Answer Happy

7. A researcher is interested in the duration of employment of managers in public com- panies. We assume that this duration (in months) may be described by a uniform distribution over the interval (1,0), where 0 > 1 is an unknown parameter. We con- struct Ômm, the method of moments estimator for 0, based on the first moment of the distribution for a sample of size n. • This estimator has the form Ômm = ....... If in a random sample of 10 individuals, the average duration was equal to 12 months, with a variance equal to 900, the estimator of the parameter 0 would be equal to ...... • The bias for Ômm is equal to .................., the variance is equal to so the Mean Square Error for the formula is equal to ....... .........