A Minimum-Variance Unbiased Point Estimate Has a Variance That Is

question 52

True/False

A minimum-variance unbiased point estimate has a variance that is as small as or smaller than the variances of any other unbiased point estimate.

---

Definitions:

Managing Finances

The practice of handling monetary resources efficiently, including budgeting, investing, and saving.

Adequate Cash Flow

The level of cash inflow that is sufficient to cover the outflow necessities for a business to operate smoothly and meet its financial obligations.

Home Based

Pertaining to businesses or activities that are operated out of a person's residence, rather than from an external office or commercial establishment.

Small Business Administration

A U.S. government agency designed to support and assist small businesses through funding, training, and advisory services.