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Consider the following class of estimators:W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants.
a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu?
b) Find the variance of Wa.
Microeconomics, Economics
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