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SSC Statistics
QUESTION #1988
Question 1
Among all unbiased estimators of a parameter \(\theta\), the one with the minimum variance is called:
Correct Answer Explanation
An estimator that is unbiased AND has the smallest variance among all unbiased estimators for every value of \(\theta\) is called the UMVUE. By the Cramér-Rao inequality, no unbiased estimator can have variance below the Cramér-Rao lower bound.
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