Assume there is an unknown true value. Consider two measurement procedures. One procedure (A) will provide a
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Assume there is an unknown “true” value. Consider two measurement procedures. One procedure (A) will provide a measure that is less than the true value, and all measurers will present the same measure. The second procedure (B) will provide, on average, a measure equal to the true amount, but it can be either larger or smaller on a random basis. Which measurement procedure do you prefer, assuming your decision will be based on the information obtained?
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An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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