Which One of the Following Is a Basis Point

question 10

Multiple Choice

Which one of the following is a basis point?

• A) 1 percent
• B) 0.1 percent
• C) 0.01 percent
• D) 0.001 percent
• E) 0.0001 percent

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Definitions:

Unbiased Estimate

An estimator or prediction that, on average, exactly matches the parameter being estimated in the population.

Denominator

The bottom number in a fraction that shows into how many equal parts the whole is divided.

Point Estimate

A single value derived from sample data that serves as the best guess or estimation of an unknown population parameter.

Confidence Interval

A spectrum of figures, coming from sample data, predicted to hold the value of a hidden population characteristic.