The Problem with Relying on a Point Estimate of a Population

question 36

Multiple Choice

The problem with relying on a point estimate of a population parameter is that:

• A)it has no variance.
• B)it might be unbiased.
• C)it might not be relatively efficient.
• D)it does not tell us how close or far the point estimate might be from the parameter.

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The additional or extra value generated by undertaking a certain action or investment, compared to not doing so.

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A company that results from the combination or amalgamation of two or more companies, integrating their operations, resources, and strategies.

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