The Sample Proportion Is a Consistent Estimator of the Population

question 74

True/False

The sample proportion is a consistent estimator of the population proportion p because it is unbiased and the variance of is p(1 - p) / n, which grows smaller as n grows larger.

---

Definitions:

Herfindahl Indexes

Measures of market concentration, calculated by summing the squares of the market shares of all firms within the industry to assess the competitive landscape.

Market Power

The ability of a company or entity to influence or control prices and total market output in an industry.

Four-Firm Concentration Ratio

A metric that measures the total market share of the four largest firms within an industry, used to assess the degree of competition and market concentration.

Herfindahl Index

An index determining the level of market concentration by aggregating the squared market shares of all companies in the sector.