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Victor is meeting another student for the first time to work on a class project.Instantly,when Victor meets this student,she vaguely reminds him of his good friend Mari.Victor immediately gets the feeling that he is going to get along well with this new student.What process has just occurred?
Unbiased Estimator
A statistical estimator that is expected to equal the true parameter of the population being studied.
Consistent Estimator
A statistical property where an estimator of a parameter tends to converge to the true parameter value as the sample size increases.
Variance
A measure of variability that quantifies the spread of a set of data points around the mean.
Confidence Level
The probability or degree of certainty that a confidence interval would contain the true population parameter if the same procedure were repeated multiple times.
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