Identify the correct combination of properties of point estimates form the options given below:

(a) Efficiency

(b) Consistency

(c) Adequacy

(d) Unbiasedness

Choose correct option:

This question was previously asked in
UGC NET Paper 2: Management 4th Dec 2019 Shift 2
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  1. (a), (b) and (c)
  2. (b), (c) and (d)
  3. (a), (c) and (d)
  4. (a), (b) and (d)

Answer (Detailed Solution Below)

Option 4 : (a), (b) and (d)
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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Detailed Solution

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The correct answer is (A), (B) and (D) only.

Important PointsProperties of point estimation are:

1) Efficiency: It is a quick method of testing the two unbiased estimators for a parameter so as to which of the two is better.

2) Consistency: It defines the intimacy of the point estimator to the real value of the parameter as it(point estimator) gets large.

3) Unbiasedness: unbiasedness in point estimator is when the expected value of the point estimator is equal to the population parameter

Hence, the correct answer is  (A), (B) and (D) only

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