A statistic is said to be unbiased if its sampling distribution has the smallest standard error.

Name: A statistic is said to be unbiased if its sampling distribution has the smallest standard error.
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A statistic is said to be unbiased if its expected value is equal to the true population parameter. The standard error measures the precision of the estimate, not the bias. A statistic can be unbiased but still have a relatively large standard error.

A Statistic Is Said to Be Unbiased If Its Sampling