Purchase Solution

Population Analysis

Not what you're looking for?

Ask Custom Question

27. A random sample of n observations is taken from a population... SEE ATTACHMENT

Attachments
Purchase this Solution

Solution Preview

a) since u^ = C1 X1 + C2 X2 + ... + Cn Xn
then the expected value of u^ is:
E(u^)= E( C1 X1 + C2 X2 + ... + Cn Xn )
= E(C1 X1) + E(C2 X2) + ... + E(Cn Xn )
= C1 E(X1) + C2 E(X2) + ... + Cn E(Xn )

also, because E(Xi) = u for all i = 1, 2, ... n
Then E(u^)= C1* u + C2*u + ... + Cn*u
= (C1 + C2 + ... + Cn) u
so for u^ to be unbiased, we need E(u^) = u, or
(C1 + C2 + ... + Cn) u = u
therefore, (C1 + C2 + ... + Cn) = 1 is the necessary and sufficient condition for u^ to be ...

Purchase this Solution


Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.