Figure 6-17 -Refer to Figure 6-17.What Is the Amount of the Tax

question 466

Multiple Choice

Figure 6-17

-Refer to Figure 6-17.What is the amount of the tax per unit?

• A) $1
• B) $2
• C) $3
• D) $4

---

Definitions:

Sampling Error

The difference between a sample statistic and the corresponding population parameter, arising due to the fact that the sample is not a perfect representation of the population.

Biased Estimator

An estimator that, on average, does not equal the true parameter of the population, indicating a systematic error in estimation.

Population Parameter

A numerical value summarizing a characteristic of an entire population, such as mean or variance.

Efficient Estimator

An estimator that achieves the lowest possible variance among all unbiased estimators for a parameter of interest.