An Estimator of the Population Value Is Unbiased

question 7

Multiple Choice

An estimator of the population value is unbiased if

• A) = .
• B) has the smallest variance of all estimators.
• C) .
• D)E( )= .

Understand and apply the process of setting up and posting to T-accounts and subsidiary ledgers in accounting.

Master the concept and use of special and general journals in transaction recording.

Identify and correct common entry errors in accounting records to ensure accuracy.

Explain the significance of a subsidiary ledger and its role in detailed account management.

---

Definitions:

Management

The process of directing, controlling, and overseeing the operations and tasks of a business or organization.

Technical Experts

Professionals with specialized knowledge and skills in a particular field or technology, often consulted to solve specific problems or improve processes.

Chartered Accountants

Professionals who have qualified through rigorous examinations and experience to provide financial advice, audit accounts, and provide trustworthy information about financial records.

Marketing Professionals

Individuals specializing in the promotion and selling of products or services, including market research and advertising to attract potential customers.