3 ms·

I do not get it: if variance is too large, a random sample is very little representative of the mean. As simple as that? Now the specific formula may be compli

I do not get it: if variance is too large, a random sample is very little representative of the mean. As simple as that? Now the specific formula may be complicated. But otherwise I do not understand the “paradox”? Or am I missing something?

hcks 2y ago
In the 1D case the single point will be the best estimator for the mean no matter what the variance is
- pfortuny 2y ago
  OK, this is a good reply, and very informative, many thanks. Now I understand why the thing is paradoxical.