A minimum variance,unbiased point estimate has a variance that is as small or smaller than the variances of any other unbiased point estimate.

Name: A minimum variance,unbiased point estimate has a variance that is as small or smaller than the variances of any other unbiased point estimate.
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Quizplus · Accepted Answer

This statement is true. A minimum variance, unbiased point estimate is the best possible estimate because it has the smallest variance among all other unbiased point estimates.

A Minimum Variance,unbiased Point Estimate Has a Variance That Is