When the Mean of the Sampling Distribution Is the Same

question 37

Multiple Choice

When the mean of the sampling distribution is the same value as the population parameter, we can say that the statistic is

• A)a representation of an unbiased parameter.
• B)the standard error.
• C)an unbiased estimator.
• D)unlimited.

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Definitions:

All Expenses

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Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, rather than continuously tracking each sale or purchase.

Cost Of Merchandise Sold

The total cost incurred by a business to sell its products, including the purchase price and other expenses directly related to procurement.

Journal Entry

A record in accounting that records a transaction, indicating the accounts and amounts debited and credited.