Explains what a ‘good’ estimator is, proves that the chosen estimator is unbiased and computes the appropriate estimate by using the sample data.

Requirements: • The results of your project should be structured as a report. The report does not have to be structured following the numbering of the tasks you are required to do for each project. Rather, feel free to focus more on the flow of the report by making sure, however, that all the required tasks are addressed. The report should not be longer than 1,000 words. •Provides a clear explanation of the research design and of the data collection process; • Explains what a ‘good’ estimator is, proves that the chosen estimator is unbiased and computes the appropriate estimate by using the sample data; • Wherever required, the appropriate graphs and tables should be clearly and accurately presented and commented on; • Clearly explains how the confidence interval is built and comments on the results; • Provides a well-designed hypothesis test and a detailed explanation of the main findings.