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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

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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: THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: Let X<sub>1</sub>,X<sub>2</sub>,X<sub>3</sub>,and X<sub>4</sub> be a random sample of observations from a population with mean μ and variance σ<sup>2</sup>.Consider the following two point estimators of μ: <sub>1</sub> = 0.10 X<sub>1</sub> + 0.20 X<sub>2</sub> + 0.40 X<sub>3</sub> + 0.30 X<sub>4</sub>,and <sub>2</sub> = 0.25 X<sub>1</sub> + 0.25 X<sub>2</sub> + 0.30 X<sub>3</sub> + 0.20 X<sub>4</sub> -Show that both the estimators are unbiased.
1 = 0.10 X1 + 0.20 X2 + 0.40 X3 + 0.30 X4,and THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: Let X<sub>1</sub>,X<sub>2</sub>,X<sub>3</sub>,and X<sub>4</sub> be a random sample of observations from a population with mean μ and variance σ<sup>2</sup>.Consider the following two point estimators of μ: <sub>1</sub> = 0.10 X<sub>1</sub> + 0.20 X<sub>2</sub> + 0.40 X<sub>3</sub> + 0.30 X<sub>4</sub>,and <sub>2</sub> = 0.25 X<sub>1</sub> + 0.25 X<sub>2</sub> + 0.30 X<sub>3</sub> + 0.20 X<sub>4</sub> -Show that both the estimators are unbiased.
2 = 0.25 X1 + 0.25 X2 + 0.30 X3 + 0.20 X4
-Show that both the estimators are unbiased.

Understand the relationship between product characteristics (value, weight density) and logistics costs (packaging, transportation).
Comprehend the role of logistics in creating customer value through time and place utility.
Grasp the concepts of inventory management and its financial implications.
Understand the significance of logistics in the supply chain and its strategic value in marketing.

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