Actuarial Sciences 4824a / 9824a Assignment 1 Due Tuesday October 1st @ 430 p.m. 1.

We considered in class two estimators for the parameter , representing the upper bound on a uniform distribution on the interval (0, ), as a function of n measurements The first estimator is the maximum while the second is twice the sample mean, . Compare the mean squared errors for these two estimators, and comment on your results. (That is, explain why the results make sense.) 2. Compare the mean squared error for the sample mean and the sample median as estimators of the mean of an exponential distribution with mean when the number of observations . Comment on your results. THIS ASSIGNMENT WILL CONTINUE TO BE DEVELOPED. EXPECT IT TO COMPRISE 8 TO 10 QUESTIONS BY THE TIME IT IS FINALIZED ON TUESDAY SETP 24TH.