Whenever a Sampled Population Is Normally Distributed, or Whenever the Conditions

question 74

Multiple Choice

Whenever a sampled population is normally distributed, or whenever the conditions of the Central Limit Theorem are fulfilled, what may be said of the sample mean ?

• A) It is a consistent estimator of the population mean,, because the mean of the sampling distribution of the sample mean equals.
• B) It is an efficient estimator of the population mean,, because the mean of the sampling distribution of the sample mean equals.
• C) It is an unbiased estimator of the population mean,, because the mean of the sampling distribution of the sample mean equals.
• D) It is an efficient estimator of the population mean,, because the mean of the sampling distribution of the sample proportion equals p.

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to verify the arithmetic accuracy of the entries.

Goodwill

An intangible asset representing the excess value of a purchased company over the fair market value of its identifiable tangible and intangible assets.

Consideration Transferred

The total value of all assets, liabilities, and equity interests given to acquire control of an entity.