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  #1  
Old 12-13-2011, 03:41 PM
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Default ASM, exercise 19.11 (Review of Mathematical Statistics)

I have the 11th edition. The question reads (with simplification):

A population contains the values 1, 2, 4, 9. A sample of 3 is withdrawn without replacement from this variable. Calculate the mean square error of the median of this sample as an estimator of the population mean.

The solution is: half the time the sample median is 2 and the other half the time it is 4. The mean of the population is 4. So the MSE is 1/2*(2-4)^2=2. I don't understand the last step. Is there a Bernoulli shortcut involved.
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Old 12-13-2011, 04:00 PM
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MSE = 1/2*(2-4)^2 + 1/2*(4-4)^2 = 1/2*(2-4)^2 = 2.
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Old 12-13-2011, 04:04 PM
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Why can't I say:

MSE = (1/2*4+1/2*2-4)^2 = 1?
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Old 12-13-2011, 04:12 PM
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(1/2*4+1/2*2-4) is the bias. MSE = Variance + bias^2.
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Old 12-13-2011, 04:17 PM
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Oh I see. I got the two formulas for MSE mixed up. Thanks a lot!
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