Past exam of the mathematics course of the University of Oxford / 2023 / Prelims / Mathematics III / 7 / b / iii

The central limit theorem givesWrite $z=z_{1-\alpha /2}$ for the indicated standard normal quantile. Inverting the approximate pivot inequality and substituting $Y/n=1/\hat{\theta }$ gives the approximate confidence intervalIts coverage is approximately $1-\alpha$ for large $n$. The intersection respects the positive rate parameter; asymptotically the lower endpoint is positive. This is an asymptotic interval, not an exact finite-sample confidence interval.