If two statistics are available for estimating a population characteristic, under what circumstances might you choose a
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
A biased statistic might be chosen over an unbiased statistic i...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Why is an unbiased statistic generally preferred over a biased statistic for estimating a population characteristic? Does unbiasedness alone guarantee that the estimate will be close to the true...
-
American Aerospace produces military jet engines. Frequent shortages of one critical part has been causing delays in the production of the most popular jet engine, so a new inventory policy needs to...
-
For estimating a population characteristic, why is an unbiased statistic generally preferred over a biased statistic? Does unbiasedness alone guarantee that the estimate will be close to the true...
-
Consider the following table, which gives the running time T(n) in seconds for a program for various values of the input size n: a. What is the value of T(n) if n = 160007 10240 5120 40960 20480 B C...
-
Suppose you want to estimate the proportion of classmates who plan to spend their junior year abroad. You take a simple random sample of 100 classmates from a total class population of 3500. Twelve...
-
Does a negative OWC imply negative CCC? If so, why? If not, under which conditions?
-
Under the gross method, the seller records discounts taken by the buyer: a. in a contra-revenue account at the date of sale. b. never; discounts are irrelevant under the gross method. c. before the...
-
The beginning account balances for Austins Auto Shop as of January 1, 2014, follows: Account Titles Beginning Balances Cash ........... $14,000 Inventory ......... 7,000 Common stock ....... 18,000...
-
Assess how comprehensive this organizational ethical code appears to be and what you feel may be missing.Compare this code with a similar code from your organization or one with which you are...
-
Assume Adams Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000; Cost of goods sold $330,000, Operating expenses $110,000. Compute the following:...
-
A random sample will be selected from the population of all adult residents of a particular city. The sample proportion p will be used to estimate p, the proportion of all adult residents who do not...
-
A random sample will be selected from the population of all students enrolled at a large college. The sample proportion p will be used to estimate p, the proportion of all students who use public...
-
Explain how information recorded in the general journal (using journal entries) is organized differently from the information in the general ledger (posted from the general journal)
-
Identify and describe the main criteria which should be met by a local area network design. What reasons would you put forward for adopting a database as a basis for an information system? It has...
-
Find all points on the curve In (xy) = x where the tangent lines are vertical.
-
Some companies refrain from using financial derivatives to manage their foreign exchange exposures. They consider derivatives such as forwards, futures, and options as speculative. They also believe...
-
Find the arc length of the given curve between the specified points. 1 X = from 16 2y2 ( 1926, 1) to ( 21, 2) (2,
-
An investor acquires 100 A shares worth $550 each and 75 B shares at a unit price of $600. The expected returns and risks (standard deviation) of actions A and B are respectively of the order of 12%...
-
The Creator restaurant has replaced cooks and food preparers with a robot. On its website, the company describes the people who work there as a motley crew of engineers, culinary scientists,...
-
Inexhaustible collections of ONPOs are not required to be capitalized or depreciated, if certain criteria are met. Why is this so, and what accounting and reporting recognition, if any, is required...
-
Contact your local paralegal association and find out if independent contractor or freelance paralegals are widely used in your area. Interview five freelance paralegals and the attorneys who utilize...
-
The state of Georgias HOPE scholarship program guarantees fully paid tuition to Georgia public universities for Georgia high school seniors who have a B average in academic requirements as long as...
-
Gender differences in student needs and fears were examined in the article A Survey of Counseling Needs of Male and Female College Students (Journal of College Student Development [1998]: 205208)....
-
The article Foraging Behavior of the Indian False Vampire Bat (Biotropica [1991]: 6367) reported that 36 of 193 female bats in flight spent more than 5 min in the air before locating food. For male...
-
Goed Building Company located in Cincinnati Ohio borrowed $ 3 5 0 , 0 0 0 cash from USBank. The terms of the note were: 1 0 - year, 8 . 5 % installment note requiring equal payments each June 3 0 of...
-
Use the following data to determine the total dollar amount of assets to be classified as investments. \ table [ [ \ table [ [ Blossom ' s Flower Shoppe ] , [ Balance Sheet ] , [ December 3 1 , 2 0 2...
-
Question 2 . 3 Share issue, payment by instalments L 0 1 , 2 . 4 OUD On July 2 0 1 7 , Pine Ldd issued a prospectus inviting applications for 6 0 0 0 0 0 ordinary shares, at an isue price of $ 7 ,...
Study smarter with the SolutionInn App