Question
Download Solution PDFIdentify the correct combination of properties of point estimates form the options given below:
(a) Efficiency
(b) Consistency
(c) Adequacy
(d) Unbiasedness
Choose correct option:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe 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
Last updated on Jun 19, 2025
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