Two chips are drawn without replacement from an urn containing five chips, numbered 1 through 5. The average of the two drawn is to be used as an estimator, θ ^ , for the true average of all the chips ( θ = 3 ) . Calculate P ( | θ ^ − 3 | > 1.0 ) .
Two chips are drawn without replacement from an urn containing five chips, numbered 1 through 5. The average of the two drawn is to be used as an estimator, θ ^ , for the true average of all the chips ( θ = 3 ) . Calculate P ( | θ ^ − 3 | > 1.0 ) .
Solution Summary: The author explains how two chips are drawn without replacement from an urn containing five chips, numbered 1 through 5. The average of the two drawn is to be used as an estimator.
Two chips are drawn without replacement from an urn containing five chips, numbered 1 through 5. The average of the two drawn is to be used as an estimator,
θ
^
, for the true average of all the chips
(
θ
=
3
)
. Calculate
P
(
|
θ
^
−
3
|
>
1.0
)
.
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