Describe What an Unbiased Estimator Is and Give an Example

question 47

Essay

Describe what an unbiased estimator is and give an example of an unbiased estimator and a biased estimator.

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Definitions:

Interviewer

A person who conducts an interview, asking questions to gather information or assess the qualifications of an interviewee.

Interests Outside

Activities and hobbies engaged in apart from professional or main life duties.

Work

Tasks or activities undertaken to achieve a goal, often in exchange for payment; also refers to employment or occupation.

Good Impression

the positive perception or judgment formed by someone based on initial encounters or interactions.