Is the Sample Mean a Consistent Estimator of the Population

question 1

Essay

Is the sample mean a consistent estimator of the population mean? Explain

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Definitions:

Opportunity

A chance or set of circumstances that makes it possible to do something.

Programmed Decision

Decisions made in response to routine, predictable situations through the use of established procedures or rules.

Local Electronics Store

A retail outlet specializing in the sale of electronic devices and related accessories to consumers.

Local Supplier

A business that provides goods or services to another company within the same geographic area, often contributing to the local economy.