Which of the following describes what the property of minimum variance means?
A)The center of the sampling distribution is found at the population standard deviation.
B)The shape of the sampling distribution is approximately normally distributed.
C)The center of the sampling distribution is found at the population parameter that is being estimated.
D)The sampling distribution in question has the smallest variation of all possible unbiased sampling distributions.

Question

Quizplus · Accepted Answer

The property of minimum variance means that among all unbiased estimators, the estimator with the minimum variance is preferred because it has the least spread or variability around the parameter being estimated. This makes it the most precise or reliable estimator.

Which of the Following Describes What the Property of Minimum