An Estimator Is Unbiased If the Expected Value of the Sample

question 36

True/False

An estimator is unbiased if the expected value of the sample statistic is the same as the actual value of the population parameter it is intended to estimate.

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Definitions:

Item

A single distinct object or unit, especially when part of a list or collection.

First Bank

Can refer to the initial banking institution established in a certain area or the primary bank that an individual or business chooses to use for financial transactions.

Substitute Check

A digital reproduction of the original paper check that is legally considered the same as the original for clearing and settlement purposes.

Improperly Charged

An instance where an individual or entity is wrongfully or incorrectly subjected to fees, expenses, or accusations.