A high efficiency rating indicates that the sample information is almost as good as perfect information.

Question

Quizplus · Accepted Answer

A high efficiency rating means that the sample information is very close to the population parameter, which means that it is highly accurate and reliable. However, it does not necessarily mean that it is perfect information, as sampling error and other factors can still affect the results to some extent. Therefore, a high efficiency rating is not equivalent to perfect information, but it is a good indication of high quality sample information.

A High Efficiency Rating Indicates That the Sample Information Is