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* * * * * * * * * As a result of this class, you will be able to ... * * * * As a result of this class, you will be able to ... * As a result of this class, you will be able to ... * * * An estimator is a random variable used to estimate a population parameter (characteristic). Unbiasedness An estimator is unbiased if the mean of its sampling distribution is equal to the population parameter. Efficiency The efficiency of an unbiased estimator is measured by the variance of its sampling distribution. If two estimators, with the same sample size, are both unbiased, then the one with the smaller
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