The number of breakdowns y per day for a certain machine is


The number of breakdowns Y per day for a certain machine is a Poisson random variable with mean λ. The daily cost of repairing these breakdowns is given by C = 3Y 2. If Y1, Y2, . . . , Yn denote the observed number of breakdowns for n independently selected days, find an MVUE for E(C).

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Basic Statistics: The number of breakdowns y per day for a certain machine is
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