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Suppose a random sample of size 6 is drawn from the uniform pdf fY(y; theta) = 1/ theta, 0=y = theta for the purpose of using theta hat = Ymax to
Suppose a random sample of size 6 is drawn from the uniform pdf fY(y; theta) = 1/ theta, 0<=y <= theta for the purpose of using theta hat = Ymax to estimate theta Calculate the probability that theta hat falls within 0.2 of the theta given the parameter’e true value is 3.0 . Calculate the probability of the event asked in Part(a) assuming the sample size is 3 instead of 6