Among All Unbiased Estimators That Are Weighted Averages Of $Y _ { 1 } , \ldots , Y _ { n } , \bar { Y }$

question 28

Multiple Choice

Among all unbiased estimators that are weighted averages of $Y _ { 1 } , \ldots , Y _ { n } , \bar { Y }$
is

• A) the only consistent estimator of \(\mu _ { Y }\)
• B) the most efficient estimator of \(\mu _ { Y }\)
• C) a number which, by definition, cannot have a variance.
• D) the most unbiased estimator of \(\mu _ { Y }\)

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Definitions:

Capital-Intensive Products

Products that require a high amount of capital investment in machinery and equipment relative to labor input in their production process.

Capital Resources

Assets such as machinery, tools, and buildings that are used in the production of other goods and services.

Resource Availability

The extent to which inputs required for production, such as raw materials, labor, and capital, are readily obtainable in the economy or market.