If There Are Two Unbiased Estimators of the Same Parameter,the

question 77

Short Answer

If there are two unbiased estimators of the same parameter,the one whose variance is smaller is said to be relatively more ____________________.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.

Liquidity of Receivables

Indicates how quickly receivables can be turned into cash, reflecting a company's efficiency in managing credit it extends to customers.

Cash Sales

Transactions in which payment is made in full at the time of the sale, typically in cash.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, managed through a system of vouchers and replenishments.