For a parameter that is identified, what is the role of having a larger sample size?
A) The estimate of the identified parameter will be more precise.
B) The estimate of the identified parameter will be distributed as a t-distribution.
C) The estimate of the identified parameter will be efficient.
D) The estimate of the identified parameter will be distributed as a chi-squared distribution.

Question

Quizplus · Accepted Answer

A larger sample size will decrease the variability of the data, making the estimate of the parameter more precise. This is because a larger sample size provides more information and reduces the impact of random fluctuations in the data.

For a Parameter That Is Identified, What Is the Role