An Estimator Is Said to Be Consistent If

question 9

Multiple Choice

An estimator is said to be consistent if:

• A)the difference between the estimator and the population parameter grows smaller as the sample size grows larger.
• B)it is an unbiased estimator.
• C)the variance of the estimator is zero.
• D)the difference between the estimator and the population parameter stays the same as the sample size grows larger.

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Definitions:

Marginal Analysis

An assessment method used to examine the benefits and costs of an extra unit of consumption or production.

Strategic Marketing Process

A systematic approach to planning and executing marketing strategies that align with an organization's overall objectives.

Output Report

A document or data file generated by a computer or a system that summarizes the outcome or results of operations or transactions.

Planning Phase

The initial stage in the project management or strategic planning process where goals are set and strategies are outlined.