Which of the Following Statements Are Correct

question 10

Multiple Choice

Which of the following statements are correct?

• A)If there are two unbiased estimators of a parameter, the one whose variance is larger is said to be relatively efficient.
• B)If there are two unbiased estimators of a parameter, the one whose mean is larger is said to be relatively efficient.
• C)If there are two unbiased estimators of a parameter, the one whose mean is smaller is said to be relatively efficient.
• D)If there are two unbiased estimators of a parameter, the one whose variance is smaller is said to be relatively efficient.

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Definitions:

Economic Booms

Periods of rapid economic growth and expansion, characterized by increased production, employment, and consumer spending.

Quantity of Money

The complete encompassment of monetary resources in an economy at a given time.

Cost of Living

An economic concept that estimates the amount needed to cover basic expenses in a particular place and time period.

Future Income

Expected earnings or revenue streams in the coming periods, often factored into financial planning and investment decisions.