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If There Are Two Unbiased Estimators of a Population Parameter

question 11

Multiple Choice

If there are two unbiased estimators of a population parameter available,the one that has the smallest variance is said to be:


Definitions:

Sarbanes-Oxley Act

A U.S. federal law established to protect investors by improving the accuracy and reliability of corporate disclosures.

Regulatory Body

A regulatory body is an organization established by the government to regulate specific industries, sectors, or practices, ensuring compliance with laws and protecting public interest.

Auditors

Professionals who examine and verify a company's financial records and practices to ensure accuracy and compliance with regulations.

Audit Relationship

An audit relationship refers to the formal arrangement between an auditor and a client to review and evaluate the client's financial statements or systems for accuracy and compliance.

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