For estimating a population characteristic, why is an unbiased statistic generally preferred over a biased statistic? Does

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For estimating a population characteristic, why is an unbiased statistic generally preferred over a biased statistic? Does unbiasedness alone guarantee that the estimate will be close to the true value? Explain.

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Question Posted: Nov 28, 2015 06:42 AM

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For estimating a population characteristic, why is an unbiased statistic generally preferred over a biased statistic? Does

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Statistics Learning From Data

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