An Unbiased Estimator Is A

question 39

Multiple Choice

An unbiased estimator is a:

• A) sample statistic used to approximate a population parameter
• B) sample statistic,which has an expected value equal to the value of the population parameter
• C) sample statistic whose value is usually less than the population parameter
• D) standard error of the mean

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Definitions:

Permanent/Temporary

Classification of accounts; permanent accounts are balance sheet accounts that carry their ending balances into the next accounting period, while temporary accounts are closed and zeroed out at the end of each period.

Normal Balance

The side (debit or credit) on which increases are recorded in an account, based on the type of account.

Financial Statement

Reports that present the financial performance, position, and cash flows of a business for a specified period.

Permanent/Temporary

Terms used to distinguish between accounts or items that either persist over multiple accounting periods (permanent) or exist for only one period (temporary).