A statistic that is unbiased with a small standard error is likely to result in an estimate that is close to the actual value of the population characteristic.

Question

Quizplus · Accepted Answer

An unbiased statistic means the expected value of the estimate is equal to the population parameter it estimates, and a small standard error indicates the estimates are consistently close to the true value, making the estimate likely close to the actual population characteristic.

A Statistic That Is Unbiased with a Small Standard Error