An Estimator $\hat { \mu }_Y$ Of the Population Value $\mu_Y$ Is More Efficient When Compared to Another Estimator

question 14

Multiple Choice

An estimator $\hat { \mu }_Y$ of the population value $\mu_Y$ is more efficient when compared to another estimator $\bar { \mu }_Y$ , if

• A)E( \(\hat { \mu }_y\) )> E( \(\bar { \mu }_Y\) ).
• B)it has a smaller variance.
• C)its c.d.f. is flatter than that of the other estimator.
• D)both estimators are unbiased, and var( \(\hat { \mu }_Y\) )< var( \(\bar { \mu }_y\) ).

---

Definitions:

Team-based Pay

A compensation strategy where pay is based on the performance of the team as a whole, rather than individual performance.

Performance Programs

Structured initiatives designed to improve the efficiency and effectiveness of an organization or individual's work.

Operational Outcomes

The results or effects of a business's operations, typically measured in terms of efficiency, productivity, and profitability.

Gain-sharing

A compensation strategy where employees receive additional financial benefits from improvements in productivity or the company's performance.