Statistics Solutions

[Solution] An economist has data on the employment status of n individuals. In particular, she has n observations X 1 , X 2 , ... , X n , where X i = 1

Question: An economist has data on the employment status of n individuals. In particular, she has n observations X 1 , X 2 , ... , X n , where X i = 1 if the individual is unemployed and X i = 0 if the individual is employed. The economist would like to estimate the probability  \(\pi \) that an individual is unemployed.

  1. Suggest an estimator for \(\pi \). Briefly indicate why yours is a reasonable estimator of \(\pi \).
  2. Find the bias, variance, and mean squared error of your estimator.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in