How Is the Unbiasness of Estimators Defined

question 101

Multiple Choice

How is the unbiasness of estimators defined?

• A)An estimator is unbiased if its expected value equals the estimated population parameter.
• B)An unbiased estimator approaches the estimated population parameter as the sample size grows larger.
• C)An estimator is unbiased if it always gives the correct value of the estimated population parameter.
• D)An estimator is unbiased if its standard error is lower than that of other estimators of the estimated population parameter.

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Definitions:

Rational Decision-Making Technique

A systematic process of defining problems, evaluating alternatives, and choosing optimal solutions based on logical and objective analysis.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone and is used to generate and prioritize ideas.

Brainstorming

A method of generating creative ideas by encouraging free thought and discussion within a group.

Groupthink

A psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.