VERY URGENT !!!! Suppose that X and Y are random samples of observations from a population with mean μ and variance σ2.
Consider the following two unbiased point estimators of μ.
A = (7/4)X - (3/4)Y B = (1/3)X + (2/3)Y
[Give your answers as ratio (eg: as number1 / number2 ) and DO NOT make any cancellation]
1. Find variance of A. Var(A) =(Answer)*σ2
2. Find variance of B. Var(B) =(Answer)*σ2
3. Efficient and unbiased point estimator for μ is (Answer)
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