Asked by Priscilla Trujillo on Jun 19, 2024
Verified
The sample ____________________ is an unbiased estimator for the population mean.
Sample Mean
The average value of a sample set of data, calculated by summing all observations and dividing by the number of observations.
Population Mean
The average of all the values in a population; it is a parameter that represents the central point of a population distribution.
Unbiased Estimator
A statistical estimator that, on average, accurately reflects the parameter it estimates, without systematic error.
- Acquire insight into the definition and relevance of unbiased estimators.
- Acquire knowledge on the methods used to determine an unbiased estimator of variance and mean.
Verified Answer
BB
Learning Objectives
- Acquire insight into the definition and relevance of unbiased estimators.
- Acquire knowledge on the methods used to determine an unbiased estimator of variance and mean.