As a Result of Globalization,the Amount of Cargo Passing Through

question 45

Multiple Choice

As a result of globalization,the amount of cargo passing through U.S.ports has ________.

• A) increased sharply
• B) decreased sharply
• C) decreased slightly
• D) increase slightly

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Definitions:

Consistent

A statistical property indicating that as the size of the sample increases, the estimator converges in probability to the parameter being estimated.

Unbiased Estimators

Statistical estimators that, on average, accurately predict the value of a population parameter without systematic error.

Smallest Variance

The smallest degree of spread or dispersion of observations around the mean in a dataset, indicating less variability.

Relatively Efficient

Refers to a process or system that achieves its goals with comparatively minimal waste of time, resources, or energy.