Question:Two estimates are available for the same population parameter.
Estimate one has a standard deviation of...
Question
Two estimates are available for the same population parameter.
Estimate one has a standard deviation of...
Two estimates are available for the same population parameter.
Estimate one has a standard deviation of 9.3 and estimate two has a
standard deviation of 9.4. Estimate two is unbiased, whereas
estimate one is biased. Which estimate would you choose and
why?