Q4. (12 marks) Let $Y_1, Y_2, ..., Y_n$ be a random sample from the uniform distribution on the interval $(0, \theta)$, $0 < \theta$. (1) Find the unbiased estimator of $\theta$ which is a function of the first order statistic $Y_{(1)}$. (2) Calculate the variance of the estimator derived in (1).
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Since Y1 is the smallest value in the sample, it follows the distribution of the minimum of n random variables from the uniform distribution on (0, 1). The distribution of the minimum of n random variables from the uniform distribution on (0, 1) is a beta Show more…
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