tag:blogger.com,1999:blog-19649274.post3390669230204445202..comments2024-02-20T11:41:43.200+05:30Comments on The Leap Blog: Measurement of LIBORAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19649274.post-14966682998756745562008-05-18T19:12:00.000+05:302008-05-18T19:12:00.000+05:30"The mean is statistically efficient, but vulnerab..."The mean is statistically efficient, but vulnerable to outliers. The median is robust, but statistically inefficient." . How you defined the term Statistically inefficient here? Do you mean "biased". i.e. do you mean to say Sample Median is NOT always an unbiased estimator of population median, although it might be robust?Anonymousnoreply@blogger.com