An Unbiased Estimator of a Population Parameter Is Defined As

question 23

Multiple Choice

An unbiased estimator of a population parameter is defined as:

• A)an estimator whose expected value is equal to the parameter.
• B)an estimator whose variance is equal to one.
• C)an estimator whose expected value is equal to zero.
• D)an estimator whose variance goes to zero as the sample size goes to infinity.

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Definitions:

Bind the Bargain

To make a deal or agreement legally binding, requiring all involved parties to fulfill their obligations as per the terms of the agreement.

Purchase Price

The amount of money paid by a buyer to acquire ownership of a product or property.

Unenforceable

A term describing a contract or clause that cannot be upheld or compelled by law.

Not in Writing

Refers to agreements or communications that haven't been formally recorded on paper or in any digital format.