Moments for the Tank Numbers
Tanks are numbered 1, 2, ..., N with N unknown. You observe five serial numbers: 7, 31, 12, 50 and 25. Use the method of moments, matching the sample mean to the mean of the discrete uniform distribution on {1, ..., N}, to estimate N. What is the estimate?
Related problems & prerequisites
Worth solving first
Source: Variation on the German tank problem. Statement written for AxiomIQ.