How Is the Unbiasness of Estimators Defined

question 101

Multiple Choice

How is the unbiasness of estimators defined?

• A)An estimator is unbiased if its expected value equals the estimated population parameter.
• B)An unbiased estimator approaches the estimated population parameter as the sample size grows larger.
• C)An estimator is unbiased if it always gives the correct value of the estimated population parameter.
• D)An estimator is unbiased if its standard error is lower than that of other estimators of the estimated population parameter.

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Definitions:

Recognition Strikes

Strikes initiated by workers to force an employer to recognize their union as the official bargaining agent for the workforce.

Strike Replacements

Workers who are hired to fill the positions of striking employees during a labor strike.

Bargaining Power

The relative capacity of parties in a negotiation to influence the terms and conditions of agreements.

Loose Labor Market

A situation in the job market where the supply of workers exceeds the demand for labor, often leading to higher unemployment rates and lower wages.