The Sample Mean Is a Consistent Estimator of the Population

question 116

True/False

The sample mean is a consistent estimator of the population mean $\mu$ .

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Definitions:

Median

The middle value in a dataset when it has been arranged in ascending or descending order.

Descriptive Statistic

A brief summary statistic that quantitatively describes or summarizes features from a collection of information.

Data Set

A collection of data, often presented in tabular form, where each row represents a different individual or entity and each column represents a particular variable or attribute.

Population Subset

A smaller group selected from a larger population, used in statistical analysis to draw conclusions or make inferences about the greater population.