2. (15 points) {X₁, X2,..., Xn} are i.i.d. random variables, E[X₂] = x, and Var (X₂) = o, where i = 1,...,n, ux and ok a
Posted: Mon Jul 11, 2022 11:49 am
2. (15 points) {X₁, X2,..., Xn} are i.i.d. random variables, E[X₂] = x, and Var (X₂) = o, where i = 1,...,n, ux and ok are population mean and variance respectively. Consider the following two estimators of population mean, px. X₁ + Xn 2 (a) Is û an unbiased estimator? Is X an unbiased estimator? Why or why not. (b) Is û a consistent estimator? Is X a consistent estimator? Why or why not. (c) Which estimator is more efficient? (I.e., which estimator has a smaller variance?) = X Σi=1 Xi n =