Consider a parameter 0 with density 7(0)=B'0*, where B>0 and y > 2. (a) Find the prior mean of 0. (b) Given the observations Y, = y,Y, =y2,.,Y, = y,, from a uniform (0, 0] distribution, find the posterior mean of 0. (c) Show that the estimator of 0, taking the form y +n max (z, B) (B >0,7 > 2), y+n-1 where z= max(y,y2., y,), is admissible under squared error loss

MATLAB: An Introduction with Applications
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Consider a parameter 0 with density
where B >0 and y > 2.
(a) Find the prior mean of 0.
(b) Given the observations Y, = y,Y, =y,...,Y, = y,, from a uniform (0, 0 ]
distribution, find the posterior mean of 0.
(c) Show that the estimator of 0, taking the form
y +n
max (z, В)
(B >0,7 > 2),
y+n-1
where z= max(y,Y., y,), is admissible under squared error loss
Transcribed Image Text:Consider a parameter 0 with density where B >0 and y > 2. (a) Find the prior mean of 0. (b) Given the observations Y, = y,Y, =y,...,Y, = y,, from a uniform (0, 0 ] distribution, find the posterior mean of 0. (c) Show that the estimator of 0, taking the form y +n max (z, В) (B >0,7 > 2), y+n-1 where z= max(y,Y., y,), is admissible under squared error loss
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