The Sample Mean Is an Unbiased Estimator of the Population $\mu$

question 81

True/False

The sample mean is an unbiased estimator of the population mean $\mu$ , and (when sampling from a normal population) the sample median is also an unbiased estimator of $\mu$ . However, the sample mean is relatively more efficient than the sample median.

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Definitions:

Pure Competition

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Socialism

Economic system characterized by government ownership and operation of major industries, such as communications.

Economic Recession

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