Consider a sample statistic A. As with all sample statistics, A is computed by utilizing a specified
Question:
Consider a sample statistic A. As with all sample statistics, A is computed by utilizing a specified function (formula) of the sample measurements. (For example, if A were the sample mean, the specified formula would sum the measurements and divide by the number of measurements.)
a. Describe what we mean by the phrase “the sampling distribution of the sample statistic A.”
b. Suppose A is to be used to estimate a population parameter u. What is meant by the assertion that A is an unbiased estimator of u?
c. Consider another sample statistic, B. Assume that B is also an unbiased estimator of the population parameter
a. How can we use the sampling distributions of A and B to decide which is the better estimator of u?
d. If the sample sizes on which A and B are based are large, can we apply the Central Limit Theorem and assert that the sampling distributions of A and B are approximately normal? Why or why not?
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292413396
14th Global Edition
Authors: James McClave, P. Benson, Terry Sincich