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Unbiased Estimators
Statistical estimators that, on average, accurately predict the value of a population parameter without systematic error.
Smallest Variance
The smallest degree of spread or dispersion of observations around the mean in a dataset, indicating less variability.
Relatively Efficient
Refers to a process or system that achieves its goals with comparatively minimal waste of time, resources, or energy.
Larger Sample
Refers to increasing the number of observations in a sample to reduce random sampling error and make the sample statistics more representative of the population.
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