Estimator a is unbiased but has a large variance estimator, Basic Statistics

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Estimator a is unbiased but has a large variance estimator

Suppose that you have two statistics A and B as possible estimators of the same population parameter.

Estimator A is unbiased, but has a large variance. Estimator B has a small bias, but has only one-tenth the variance of estimator A. Which estimator is better? Explain.

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Basic Statistics: Estimator a is unbiased but has a large variance estimator

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Basic Statistics: Estimator a is unbiased but has a large variance estimator

Reference No:- TGS02168914

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