Which of the Following Describes What the Property of Unbiasedness

question 23

Multiple Choice

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

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

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Definitions:

Corporate Owners

Individuals or entities that legally own shares of stock in a corporation, thus holding ownership interests in the company.

Corporate Managers

Individuals responsible for making strategic and operational decisions in a company, aiming to achieve organizational objectives.

Principals

Individuals or entities who authorize agents to act on their behalf in various transactions or decisions.

Information Problems

Issues arising from asymmetrical information between buyers and sellers, where one party has more or better information than the other, leading to suboptimal market outcomes.