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(Solved): Let x1,x2,,xN be iid (independent and identically distributed) random variables with E( ...
Let x1?,x2?,…,xN? be iid (independent and identically distributed) random variables with E(xi?)=? and Var(xi?)=?2<?. Consider the following estimators of ? : ?^?1??^?2??=N?51?i=1?N?xi?=31?x1?+3(N?1)2?i=2?N?xi?? a. Compute the expected value of each of the estimators above. Which of them are unbiased estimators of ? ? b. Compute the probability limit (plim) of each of the estimators above. Which of them are consistent estimators of ? ? Make any assumptions you find necessary.