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The sample mean is
  • a)
    An MVUE for population mean
  • b)
    A consistent and efficient estimator for population mean
  • c)
    A sufficient estimator for population mean
  • d)
    All of these
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The sample mean isa)An MVUE for population meanb)A consistent and effi...
The sample mean is an MVUE for population mean

- The sample mean is an unbiased estimator for the population mean. This means that on average, the sample mean will equal the population mean.
- The minimum variance unbiased estimator (MVUE) is an estimator that achieves the lowest possible variance among all unbiased estimators. In other words, it is the most efficient estimator.
- The sample mean satisfies both of these properties, making it an MVUE for the population mean.
- To understand why the sample mean is an MVUE, we need to consider the properties of unbiased and efficient estimators.

The sample mean is a consistent estimator for population mean

- A consistent estimator is one that converges to the true population parameter as the sample size increases.
- The sample mean satisfies this property because as the sample size increases, the sample mean becomes more and more representative of the population mean.
- This is known as the law of large numbers, which states that as the sample size approaches infinity, the sample mean converges to the population mean.
- Therefore, the sample mean is a consistent estimator for the population mean.

The sample mean is a sufficient estimator for population mean

- A sufficient estimator is one that contains all the information about the population parameter that is available in the sample.
- The sample mean is a sufficient estimator for the population mean because it uses all the available information in the sample to estimate the population mean.
- It takes into account every observation in the sample and combines them to provide an estimate of the population mean.
- Therefore, the sample mean is a sufficient estimator for the population mean.

The sample mean satisfies all the properties of an MVUE

- The sample mean is an unbiased estimator for the population mean, as it is equal to the population mean on average.
- It is a consistent estimator, as it converges to the population mean as the sample size increases.
- It is a sufficient estimator, as it contains all the available information in the sample to estimate the population mean.
- Therefore, the sample mean satisfies all the properties of an MVUE for the population mean.
- In conclusion, the correct answer is option 'D' - all of these. The sample mean is an MVUE, a consistent estimator, and a sufficient estimator for the population mean.
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The sample mean isa)An MVUE for population meanb)A consistent and efficient estimator for population meanc)A sufficient estimator for population meand)All of theseCorrect answer is option 'D'. Can you explain this answer?
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The sample mean isa)An MVUE for population meanb)A consistent and efficient estimator for population meanc)A sufficient estimator for population meand)All of theseCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The sample mean isa)An MVUE for population meanb)A consistent and efficient estimator for population meanc)A sufficient estimator for population meand)All of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The sample mean isa)An MVUE for population meanb)A consistent and efficient estimator for population meanc)A sufficient estimator for population meand)All of theseCorrect answer is option 'D'. Can you explain this answer?.
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