Which of the Following Statements Is (Are) Correct

question 81

Multiple Choice

Which of the following statements is (are) correct?

• A)The sample mean is a biased estimator of the population mean.
• B)The sample proportion is an unbiased estimator of the population proportion.
• C)The sample mean is not a consistent estimator.
• D)All of these choices are correct.

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Definitions:

Trade Deficit

A situation where a country's imports of goods and services exceed its exports.

Excise Tax

A tax imposed on specific goods, services, and activities, such as gasoline, tobacco, and alcohol, often used to discourage their use and generate revenue.

Personal Income Tax

Tax imposed on individuals based on their income, including wages, salaries, and investment income.

Trade Deficit

A condition in which a nation's expenditures on imported goods and services surpass its income from exports, leading to a trade deficit.