An estimator () is said to be an unbiased estimator 0 if the expected value of (⑦) is equal to the true parameter, If the bias of the expected value of (6) equals to zero. ○ True ○ False
An estimator () is said to be an unbiased estimator 0 if the expected value of (⑦) is equal to the true parameter, If the bias of the expected value of (6) equals to zero. ○ True ○ False
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![An estimator () is said to be an unbiased estimator 0 if the expected value of (⑦) is equal to the
true parameter, If the bias of the expected value of (6) equals to zero.
○ True
○ False](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffbdd5574-9d6a-4d02-9746-931ab8649747%2Fe88be7f9-ac37-47c9-bf91-d57e7a51e45b%2Fw185rnh_processed.png&w=3840&q=75)
Transcribed Image Text:An estimator () is said to be an unbiased estimator 0 if the expected value of (⑦) is equal to the
true parameter, If the bias of the expected value of (6) equals to zero.
○ True
○ False
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