If the Expected Value of a Sample Statistic Is Equal

question 33

Multiple Choice

If the expected value of a sample statistic is equal to the parameter it is estimating,then we call that sample statistic

• A)unbiased.
• B)minimum variance.
• C)biased.
• D)random.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Investing Activities

Part of a company's cash flow statement that reports the purchase and sale of long-term investments and property, plant, and equipment.

Gain

Gain refers to an increase in economic benefits or inflow of assets that result in an increase in equity, not related to contributions from equity participants.

Office Equipment

Assets like computers, desks, and chairs used in an office to carry out operations, not immediately consumed in the production process.