Problem 2E

Choose the best answer to fill in the blank. The variance of an estimator measures ____

i. how close the estimator is to the true value.

ii. how close repeated values of the estimator are to each other.

iii. how close the mean of the estimator is to the true value.

iv. how close repeated values of the mean of the estimator are to each other.

Answer:

Step 1 of 2:

Given,

The variance of an estimator measures ________

The claim is to choose the best answer from the given below,

(i) how close the estimator is to the true value.

(ii) how close repeated values of the estimator are to each other.

(iii) how close the mean of the estimator is to the true value.

(iv) how close repeated values of the mean of the estimator are to each other.