If a Statistic Is Consistently Larger Than the Parameter It

question 52

Multiple Choice

If a statistic is consistently larger than the parameter it estimates, then the statistic is a(n) estimator.

• A)unbiased
• B)consistent
• C)inconsistent
• D)biased

Understand the different levels of measurement and their characteristics.

Identify the appropriate conditions for using each level of measurement.

Know the definitions and characteristics of nominal, ordinal, interval, and ratio levels of measurement.

Understand the concept of mutually exclusive categories in measurement scales.

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Definitions:

Inventory Period

The average time it takes for a company to turn its inventory into sales, indicating the efficiency of inventory management.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.

Short-term Finance

Financing options intended for a period typically less than one year, used to address immediate operational needs.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.