Which of the Following Best Describes an Unbiased Estimator

question 125

Multiple Choice

Which of the following best describes an unbiased estimator?

• A)Every estimator is an unbiased estimator.
• B)An interval estimator is an unbiased estimator.
• C)An unbiased estimator of a population parameter is an estimator whose expected value is equal to that parameter.
• D)None of these choices are correct.

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Definitions:

Background Checks

Procedures used to verify the personal, financial, and criminal records of individuals, typically used by employers during hiring processes.

Improper Diversion

Refers to the unauthorized or illegal redirection of resources, funds, or assets for purposes other than those intended.

Internal Control

Procedures and policies implemented by a firm to protect its assets, ensure accurate and reliable financial reporting, promote operational efficiency, and encourage adherence to laws and regulations.

Segregation of Duties

A principle in accounting and corporate governance that aims to reduce the risk of error and fraud by dividing responsibilities among different individuals or departments.