Revision as of 06:57, 12 November 2008 by Nbrowdue (Talk)

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This problem was done in class during the first week of November. The only thing missing was the Expected value of our max likely estimator lambda. Since we know:

$ \lambda_{ML}=\frac{1}{x}\, $

we know

$ E[\lambda_{ML}]=\frac{1}{E[x]}\, $

and the expected value of an exponential random variable is $ \frac{1}{\lambda}\, $

Thus our estimator is unbiased

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Jeff McNeal