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Question 1: An efficient estimator is and has a smaller sampling variance than competing estimators. A. unbiased B. skewed C. biased Question 2: To construct
Question 1: An efficient estimator is and has a smaller sampling variance than competing estimators. A. unbiased B. skewed C. biased Question 2: To construct a confidence interval, you need a cutoff point (critical value), c. If the underlying population does not have a Normal distribution, c can be taken from the distribution if the sample size is large enough A. Chi-squared B. Student-t C. Standard Normal
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