1. Suppose that ₁ and 2 are unbiased estimators of the parameter. If V (₁) = 10 and V(6₂) = 4. Which estimator is best and in what sense is it best? Calculate the relative efficiency of the two estimators.

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1. Suppose that ₁ and ₂ are unbiased estimators of the parameter. If V(₁) = 10 and V(₂)
4. Which estimator is best and in what sense is it best? Calculate the relative efficiency of the
two estimators.
=
Transcribed Image Text:1. Suppose that ₁ and ₂ are unbiased estimators of the parameter. If V(₁) = 10 and V(₂) 4. Which estimator is best and in what sense is it best? Calculate the relative efficiency of the two estimators. =
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