Knowing That an Estimator Is Unbiased Only Assures Us That

question 109

True/False

Knowing that an estimator is unbiased only assures us that its expected value equals the parameter,but it does not tell us how close the estimator is to the parameter.

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Definitions:

Punishment

A consequence applied with the intention of reducing or eliminating an unwanted behavior, often employed in legal and educational contexts.

Deontological Theory

An ethical theory that emphasizes duty, rules, and the inherent rightness or wrongness of actions, regardless of the consequences.

Values

Core beliefs or standards of behavior that guide decisions and actions, reflecting what is important to an individual or organization.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof and often based on cultural, religious, or personal values.