# Suppose that X~ B(12,p) and consider the point estimate

*label*Statistics

*timer*Asked: Apr 26th, 2015

**Question description**

Screen Shot 2015-04-22 at 10.06.10 AM.png Suppose that X~ B(12,p) and consider the point estimate,

p-hat = X/14

a) What is the bias of this point estimate?

b) What is the variance of this point estimate?

c) Show that this point estimate has a mean square error of (3p - 2p^2)/49