An estimator is said to be efficient if the values that it g
An estimator is said to be efficient if the values that it generates to estimate the unknown population parameter are widely scattered. true?
Solution
False. It is efficient when the estimate are narrowly scattered, that is, we have a better idea what the value of the population parameter really is.
If they are widely scattered, we are lost on what the true value really is. [ANSWER, FALSE]
