THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 32

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A Monte Carlo study involves 10,000 random samples of size 20 from a normal population with mean μ = 120 and standard deviation σ = 20.For each sample,the mean and the median are calculated,with the following results:

-What does the study suggest about the bias of the estimators in this situation?

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Definitions:

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives efficiently and effectively.

Leadership Competency Approach

A method in leadership development focusing on identifying and cultivating a set of specific skills, behaviors, and attitudes that contribute to effective leadership.

Senior Executives

Top-level managers or leaders of an organization, responsible for strategic decision-making and overall company direction.

Task-oriented Leadership

A leadership style that focuses primarily on the tasks that need to be performed in order to achieve certain goals or standards.