An Unbiased Statistic Is One That ​

question 25

Multiple Choice

An unbiased statistic is one that ​

• A)is closely approximated by a normal curve.
• B)has the smallest variance.
• C)is mound-shaped.
• D)is nearly symmetric.
• E)does not consistently tend to underestimate or to overestimate the value of a population characteristic.

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Definitions:

Nonconforming Goods

Products delivered under a contract that fail to meet the specifications or quality standards specified.

Acceptance

The agreement by a party to the terms of an offer, creating a legally binding contract.

Prompt Shipment

The process of quickly and efficiently sending goods to a buyer shortly after receiving the order.

Acceptance

A term used in contract law, acceptance refers to the act of agreeing to the terms of an offer, thereby creating a binding contract.