A Point Estimator Is Defined As

question 133

Multiple Choice

A point estimator is defined as:

• A)a range of values that estimates an unknown population parameter.
• B)a single value that estimates an unknown population parameter.
• C)a range of values that estimates an unknown sample statistic.
• D)a single value that estimates an unknown sample statistic.

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Definitions:

Controlling

A management function focused on monitoring performance and taking corrective action to ensure achievement of organizational goals.

Allocating Resources

The process of distributing available assets, including time, money, and manpower, among various projects or departments to achieve organizational goals efficiently.

Performance Measurement

The process of evaluating the efficiency and effectiveness of actions or operations within an organization.

Valuation

The process of determining the current worth of an asset or a company.