This section discusses two important characteristics of statistics used as point estimates of parameters: bias and sampling variability. Bias refers to whether an estimator tends to either over or und...This section discusses two important characteristics of statistics used as point estimates of parameters: bias and sampling variability. Bias refers to whether an estimator tends to either over or underestimate the parameter. Sampling variability refers to how much the estimate varies from sample to sample.
This section discusses two important characteristics of statistics used as point estimates of parameters: bias and sampling variability. Bias refers to whether an estimator tends to either over or und...This section discusses two important characteristics of statistics used as point estimates of parameters: bias and sampling variability. Bias refers to whether an estimator tends to either over or underestimate the parameter. Sampling variability refers to how much the estimate varies from sample to sample.