Examlex
This is the ongoing process of making meaning from what we experience in our environment:
Sampling Error
The difference between a sample statistic and the corresponding population parameter, arising due to the fact that the sample is not a perfect representation of the population.
Biased Estimator
An estimator that, on average, does not equal the true parameter of the population, indicating a systematic error in estimation.
Population Parameter
A numerical value summarizing a characteristic of an entire population, such as mean or variance.
Efficient Estimator
An estimator that achieves the lowest possible variance among all unbiased estimators for a parameter of interest.
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