A Consistent Estimator Is an Estimator Whose

question 15

Multiple Choice

A consistent estimator is an estimator whose:

• A) realized value gets close to the population parameter as sample size grows.
• B) standard errors are small.
• C) expected value is an unbiased estimate of the true population parameter.
• D) efficiency is achieved in small samples.

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Definitions:

Customer Segments

Distinct groups of people who share similar needs or characteristics targeted by a business's products or services.

Segmented Market

A market divided into groups according to customers’ different needs and problems.

Mass Market

Refers to the large, general group of consumers that products are aimed at, not tailored to specific niches.

Nondiscriminating Consumers

Customers who do not show preference or bias towards products based on brand, appearance, or other superficial factors, focusing instead on functionality or value.