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Q61Section ST (Statistics (Q11–Q65))61 of 65

Bias of the gamma rate MLE

Let X1,X2,…,X7X_1, X_2, \dots, X_7 be a random sample from a population having the probability density function f(x)=12λ3x2e−λx,  x>0f(x) = \frac{1}{2} \lambda^{3} x^{2} e^{-\lambda x}, \; x > 0, where λ>0\lambda > 0 is an unknown parameter. Let λ^\hat{\lambda} be the maximum likelihood estimator of λ\lambda, and E(λ^−λ)=αλE(\hat{\lambda} - \lambda) = \alpha \lambda be the corresponding bias, where α\alpha is a real constant. Then the value of 1α\frac{1}{\alpha} equals __________ (answer in integer).

Numerical answer: type the number (no options).

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