Examlex
Which of the following has the strategy "I treat my customers better than you do"?
Efficient Estimator
An estimator that achieves the lowest possible variance among all unbiased estimators for a parameter of interest.
Random Sample
A sample drawn from a population in such a way that every individual has an equal chance of being selected, ensuring the sample's representativeness.
Polling Technique
A method used in survey research to collect data from a target population by questioning a representative sample.
Monte Carlo
A statistical method utilizing random sampling to approximate the probability of certain outcomes in decision making or physical systems.
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