A Sample Statistic Is an Unbiased Point Estimate of a Population

question 35

True/False

A sample statistic is an unbiased point estimate of a population parameter if the mean of the populations of all possible values of the sample statistic equals the population parameter.

---

Definitions:

Sales Discounts

Reductions in the sale price offered by a seller as an incentive for prompt payment by the buyer.

Cash Collection

The process of gathering and processing payments received from customers or clients.

Credit Terms

The conditions under which credit will be extended to a borrower, including repayment schedule, interest rate, and the lifespan of the loan.

Sales Discount

A Sales Discount is a reduction in the price of a product or service offered by a seller, typically to incentivize prompt payment by the buyer.