If the Variance of the Error Term Is Not the Same

question 102

Multiple Choice

If the variance of the error term is not the same for all observations,we

• A)Get estimators that are biased.
• B)Can perform tests of significance.
• C)Cannot conduct tests of significance.
• D)A and C

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Definitions:

Liable

The state of being legally responsible for something, particularly in the context of obligations or debts.

Void

A term describing a contract or agreement that lacks legal validity and enforceability from the outset.

Mentally Impaired

Refers to individuals experiencing a decrease in cognitive, emotional or behavioral functioning, which impacts their ability to participate in daily activities.

Voidable

A term used in law to describe a transaction or agreement that is valid and enforceable on the face of it, but may be rejected or canceled by one of the parties involved due to certain defects or circumstances.