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Statistics 5.0/10

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.