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Which estimator is better for given problem

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Reference no: EM131692770

Question: Suppose that you have two statistics A and B as possible estimators of the same population parameter. Estimator A is unbiased, but has a large variance. Estimator B has a small bias, but has only one-tenth the variance of estimator A. Which estimator is better? Explain.

Reference no: EM131692770

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