Solution Found!
Choose the best answer to fill in the blank. The variance
Chapter 4, Problem 2E(choose chapter or problem)
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.
Questions & Answers
QUESTION:
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:
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.