Which of the Following Describes What the Property of Unbiasedness

question 50

Multiple Choice

Which of the following describes what the property of unbiasedness means?

• A) The shape of the sampling distribution is approximately normally distributed.
• B) The sampling distribution in question has the smallest variation of all possible sampling distributions.
• C) The center of the sampling distribution is found at the population standard deviation.
• D) The center of the sampling distribution is found at the population parameter that is being estimated.

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Definitions:

Gross Domestic Product

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Monetary Value

The financial worth of an item, service, or asset, expressed in terms of currency.

Products and Services

The combination of physical goods and intangible activities that fulfill customer needs and wants.

Balance of Trade

The difference between a country's exports and imports of goods over a certain period, indicating the economic health of a nation.