CHAPTER 7 © Exgodiciy, Sutistics, Estimation, and Simulation Quiz 7.3 _ Suppose we take one sample, X(j), from a random process with true mean Hx Let this sample be an estimator for the mean, Call this estimator a single point estimator. Is this estimator biased?” Another desirable feature of an estimator is that its variance be a minimum or at Jeast small, Thus, the probability density function shown in Figure 7.10a is preferable to that shown in Figure 7.10b. 74.2 Point Estimators Here we examine point estimators in more detail Definiton 7.9. The variance of an estimator @ is VARIO] = 0% = EL pad Figure 7.9 An exomple of biosed estimator pat 4iif 4, | Me =a ® Or, 5-9 0er °ueeaaiel (a) Probability density for Estimator 1 (b) Probability density for Estimator IE Figure 7.10 An example of two estimators wih diffrent vorionees Thus, the varias ‘The varia fenction of 6 Qiz7.4 Con Sstimator of th i275 IH Se sample mes By using th 5 mean appros Bee 2s follows: Pptich becomes PBs last result ca This says tha mean is less ¢ hone as N a