The point estimate a + bx* is an unbiased statistic that can be used to estimate the mean value of y when x = x*.

Name: The point estimate a + bx* is an unbiased statistic that can be used to estimate the mean value of y when x = x*.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

The point estimate a + bx* is the predicted mean value of y when x = x*, and it is an unbiased estimator of the population mean. Therefore, it can be used to estimate the mean value of y when x = x*.

The Point Estimate a + Bx* Is an Unbiased Statistic