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Problem 229 of 333MediumStatisticsP229
MLE for an exponential rate
Times between trades are i.i.d. Exponential with density for .
(a) Find the MLE .
(b) Is it unbiased? If not, give an unbiased estimator. (Use that Gamma.)
(c) Use the Fisher information to give an approximate 95% confidence interval for when and seconds.
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