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Author Question: Which of the two estimators appears most efficient? What will be an ideal ... (Read 60 times)

charchew

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on: Jun 24, 2018
Which of the two estimators appears most efficient?
 
  What will be an ideal response?

Question 2

Minitab, Excel, SPSS, SAS, and other statistical programs can be used to compute descriptive measures such as the sample covariance and the sample correlation coefficient.
 
  Indicate whether the statement is true or false


Sarahjh

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Reply #1 on: Jun 24, 2018
Answer to Question 1

The mean has the smallest variance, and therefore will have the smallest standard error. The sample mean appears most efficient. This result follows a normal population. It may not hold for other populations.

Answer to Question 2

TRUE


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