An Unbiased Estimator Is a Statistic That Targets the Value

question 99

Multiple Choice

An unbiased estimator is a statistic that targets the value of the of the population parameter such that the sampling distribution of the statistic has a ________ equal to the ________ of the corresponding parameter.

• A) range; range/4
• B) mean; standard deviation
• C) mean; mean
• D) standard deviation; standard deviation

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Definitions:

Comparative Advantage

The capacity of a person, business, or nation to provide a product or service with a smaller opportunity cost compared to rival entities.

World Trade Organization (WTO)

An organization of 164 nations (as of mid-2019) that oversees the provisions of the current world trade agreement, resolves trade disputes stemming from it, and holds forums for further rounds of trade negotiations.

Trade Deficits

A situation where the value of a country's imports exceeds the value of its exports.

Offshoring

The practice of shifting work previously done by domestic workers to workers located abroad.