The figure shows approximate sampling distributions of 4 different statistics intended to estimate the same parameter. a.
Question:
The figure shows approximate sampling distributions of 4 different statistics intended to estimate the same parameter.
a. Which statistics are unbiased estimators? Justify your answer.
b. Which statistic does the best job of estimating the parameter? Explain your answer.
Transcribed Image Text:
Population parameter Population parameter Population parameter (iv) Population parameter
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ANSWER a The statistic is an unbiased estimator if its value is equal to the mean The distributio...View the full answer
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