Asked by Jennifer Texta on Jun 19, 2024
Verified
The sample variance (where you divide by n − 1)is an unbiased estimator of the population variance.
Sample Variance
A measure of the dispersion or variability within a sample dataset, indicating how much the individual data points differ from the sample mean.
Population Variance
A measure of the dispersion of a set of data points in a population, calculated as the average of the squared distances of each data point from the population mean.
Unbiased Estimator
A statistical estimator that, when applied repeatedly to numerous samples, gives correct parameter values on average.
- Acquire knowledge about the theory behind unbiased and biased estimators.
- Understand the effect of sample variability on the bias of estimators.
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Learning Objectives
- Acquire knowledge about the theory behind unbiased and biased estimators.
- Understand the effect of sample variability on the bias of estimators.
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