An Unbiased Estimator Is Said to Be Consistent If the Difference

question 39

True/False

An unbiased estimator is said to be consistent if the difference between the estimator and the parameter grows larger as the sample size grows larger.

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Definitions:

Accrual-Basis Revenues

Earnings recorded when they are earned, regardless of when the cash payment is received, under the accrual method of accounting.

Balance Sheet

An accounting statement that itemizes the assets, liabilities, and equity held by shareholders of a company on a specific date.

Rates Of Return

Measurements of the gain or loss on an investment relative to the amount of money invested.

Market Price

The price at which a product, asset, or service is sold on the open market.