An Unbiased Estimator Is

question 24

Multiple Choice

An unbiased estimator is:

• A) any sample statistic used to approximate a population parameter
• B) a sample statistic, which has an expected value equal to the value of the population parameter
• C) a sample statistic whose value is usually less than the value of the population parameter
• D) a sample statistic whose value is usually greater than the value of the population parameter
• E) any estimator whose standard error is relatively small

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Definitions:

Distant State

A term that may refer to a state that is geographically far from a certain reference point or in a figurative sense, indicating a state of being quite different from a current condition.

Dissatisfied Customer

A consumer who is unhappy with the goods or services received from a business.

Trade-offs

Situations where a gain in one area requires a loss in another, often involving decisions that balance out different factors or outcomes.

Law

A set of regulations developed and implemented by social or government bodies to control actions.