What does it mean for an estimate to be unbiased?
A) The sampling distribution is clustered around its mean.
B) The sampling distribution has a small standard error.
C) The mean of its sampling distribution is equal to the population value of interest.
D) It has no margin of error.

Question

Quizplus · Accepted Answer

An unbiased estimate means that the expected value of the estimate equals the true population parameter, indicating no systematic error.

What Does It Mean for an Estimate to Be Unbiased