THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 130

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Let X₁,X₂,X₃,and X₄ be a random sample of observations from a population with mean μ and variance σ².Consider the following two point estimators of μ:
₁ = 0.10 X₁ + 0.40 X₂ + 0.40 X₃ + 0.10 X₄ and
₂ = 0.20 X₁ + 0.30 X₂ + 0.30 X₃ + 0.20 X₄
-Which of the following statements is true?

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Definitions:

Discount Period

The time frame in which a payment can be made at a discounted rate from the total amount owed.

Perpetual

An inventory system where updates are made continuously to the inventory records, reflecting each sale or purchase.

Periodic Inventory System

An inventory system in which the inventory count and the cost of goods sold calculation are performed at set intervals, typically at the end of an accounting period.

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis, rather than continuously, often used for calculating cost of goods sold at the end of an accounting period.