An Unbiased Estimator Is A

question 39

Multiple Choice

An unbiased estimator is a:

• A) sample statistic used to approximate a population parameter
• B) sample statistic,which has an expected value equal to the value of the population parameter
• C) sample statistic whose value is usually less than the population parameter
• D) standard error of the mean

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Definitions:

Supplies

Items that are consumed during the operation of a business, such as office supplies, which are essential for day-to-day activities but not directly tied to the product being sold.

Accounts Payable

A liability account that records amounts a company owes to suppliers for goods or services purchased on credit.

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use, not considered business expenses.

Credit Side

The right side of an accounting ledger where increases in liabilities, equity, and income or decreases in assets and expenses are recorded.