An Unbiased Estimator of a Population Parameter Is Defined As

question 23

Multiple Choice

An unbiased estimator of a population parameter is defined as:

• A)an estimator whose expected value is equal to the parameter.
• B)an estimator whose variance is equal to one.
• C)an estimator whose expected value is equal to zero.
• D)an estimator whose variance goes to zero as the sample size goes to infinity.

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Definitions:

Financial Growth Factors

Components that contribute to the increase in value of financial assets or earnings.

Geometric Mean

The nth root of the product of n numbers, used to calculate the average rate of return over time or the mean of ratios.

Growth Factor

One plus the percentage increase over a period of time. A growth factor less than 1 indicates negative growth, whereas a growth factor greater than 1 indicates positive growth. The growth factor cannot be less than 0.

Average Wage

The mean earnings of workers in a specific job, industry, or region, often used to compare economic wellbeing.