Question: When you estimate the population mean, the sample mean is the best estimator because: a. the sample mean is unbiased. b. the sample mean is

When you estimate the population mean, the sample mean is the best estimator because:

a.

the sample mean is unbiased.

b.

the sample mean is unbiased and has the minimum standard error.

c.

the sample mean is always correct.

d.

the sample mean never overestimates the population mean.

e.

the sample mean has the minimum standard error.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!