Explain Why the Standard Deviation Is Referred to as an Unbiased

question 12

Essay

Explain why the standard deviation is referred to as an unbiased estimate. Why are unbiased estimates important to researchers?

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Definitions:

Certified Check

A check for which the bank confirms that sufficient funds exist in the account to cover the check, and so sets aside the amount needed until the check is cashed or expires.

Cashier's Check

A check issued by a bank, drawing on its own funds rather than that of a personal account holder, guaranteeing payment to the payee.

Bank Liability

The legal obligations or debts that a bank is responsible for, such as deposits and loans.

Skillfully Altered

Modified or changed in a way that demonstrates a high level of expertise or craftsmanship.