An Unbiased Estimator Is Said to Be Consistent If the Difference

question 107

True/False

An unbiased estimator is said to be consistent if the difference between the estimator and the parameter grows smaller as the sample size grows larger.

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Definitions:

Federal Poverty Level

a measure issued annually by the Department of Health and Human Services used to determine eligibility for various federal programs and benefits.

Incomes

The money received by an individual or organization, typically on a regular basis, for work, through investments, or from benefits.

Cultural Backgrounds

The cultural experiences, practices, languages, values, and worldviews that shape an individual's identity and perceptions, influenced by the society and community they are raised in.

Poverty

Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.