A biased estimator is one that yields an estimate that is
A) smaller than the quantity estimated
B) larger than the quantity estimated
C) either larger or smaller than the quantity estimated
D) in any instance larger or smaller than the quantity estimated, but that is on the average different from the quantity estimated

Question

Quizplus · Accepted Answer

A biased estimator consistently overestimates or underestimates the parameter, meaning its expected value is not equal to the true parameter value.

A Biased Estimator Is One That Yields an Estimate That