Examlex
Which of the following causes a decrease in demand for a normal good?
Unbiased Estimator
A statistical estimator that, on average, accurately reflects the parameter it estimates, meaning its expected value is equal to the true value of the parameter.
Standard Error
A statistical measure that quantifies the amount of variability in the sampling distribution of a statistic, often used in the context of mean or proportion.
Sample Size
The number of observations or data points that form part of a sample taken from a larger population for the purpose of statistical analysis.
Point Estimate
A single value that serves as the best guess or best estimate of a population parameter based on sample data.
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