Re: Conceptual Doubts from Q 1-20-DSE 2011

Posted by anon_econ on May 28, 2013; 2:28pm
URL: http://discussion-forum.276.s1.nabble.com/Conceptual-Doubts-from-Q-1-20-DSE-2011-tp7581332p7581388.html

The expected value of the sample mean is the population mean, regardless of sample size. So the sample mean is an unbiased estimator of the population mean. Don't try to get into the intuition of the terms 'more bias' and 'less representative'; bias is a statistical term