When choosing between a biased but very efficient estimator and an unbiased but very inefficient estimator,...
When choosing between a biased but very efficient estimator and an unbiased but very inefficient estimator, we should choose the one with the minimum Mean Square Error.
true or false?
Homework Answers
Answer:
For the given question,the announcement is " valid "
Because, At whatever point we face such a decision we ought to pick the gauge for which the mean squared mistake is least.
So, the final answer is " True "
The
mean square error is " minimum ".
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When choosing between a biased but very efficient estimator and
an unbiased but very inefficient estimator,...
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Which of the statements about large-sample estimation is correct? (1) An estimator should be unbiased and the spread (as measured by the mean) should be as small as possible. (2) The distance between an estimate and the true value of the statistic is called the error of estimation. (3) The 95% Margin of error is: 1.96 Standard error of the estimator. (4) A good confidence interval is as wide as possible.
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