If There Are Two Unbiased Estimators of a Parameter,the One

question 112

True/False

If there are two unbiased estimators of a parameter,the one whose variance is smaller is said to be relatively efficient.

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Definitions:

Investment

The allocation of resources, usually financial, in the expectation of generating an income or profit, including purchases of financial instruments or capital assets.

Interest Rate

The amount of a loan that is subject to interest charges for the borrower, often shown as a yearly percentage.

Wine Drinkers

Individuals who consume wine, either casually or as enthusiasts, forming a consumer base in the beverage market.

Rational Investor

An individual who makes investment decisions based on logic and available information to maximize returns and minimize risk.