A statistic is said to be unbiased if: a. the survey used to obtain the statistic was designed so as to avoid even the hint of racial or sexual prejudice. b. the mean of its sampling distribution is equal to the true value of the parameter being estimated. c. both the person who calculated the statistic and the subjects whose responses make up the statistic were truthful. d. the value of the statistic from any sample is equal to the parameter being estimated. e. it is used for honest purposes only.

Related Questions

• Use this information for Rylan Corporation to answer the question that follow. Rylan Corporation received an offer from an exporter for 25,000 units of product at $16 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $22 Unit manufacturing costs: Variable 11 Fixed 6 What is the amount of the income or loss from acceptance of the offer? a. $125,000 loss b. $25,000 loss c. $25,000 income d. $125,000 income
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• A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x)= 760-13x​, where q is the quantity of cookies sold when the price per​ cookie, in​ cents, is x. Required: a. Find the elasticity. b. At what price is the elasticity of demand equal to 1? c. At what prices is the elasticity of demand elastic? d. At what prices is the elasticity of demand inelastic?
• ren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product Pounds Price/lb. Loin chops 3,000 $ 5.00 Ground 10,000 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops
• The sales volume variance for revenue is calculated by taking the difference in actual sales volume compared to the budgeted sales volume and multiplying it by the budgeted sales price per unit. \[ \text{Sales Volume Variance for Revenue} = (\text{Actual Volume} - \text{Budgeted Volume}) \times \text{Budgeted Sales Price} \] Given the data: - Budgeted Sales Volume: 1,100 units - Actual Sales Volume: 995 units - Budgeted Sales Price: $70.00 per unit Let's calculate it: \[ = (995 \text{ units} - 1,100 \text{ units}) \times \$70.00 \] \[ = (-105 \text{ units}) \times \$70.00 \] \[ = -\$7,350 \] Since the actual sales volume is less than the budgeted sales volume, the variance is unfavorable (U). Therefore, the sales volume variance for revenue is $7,350 unfavorable. The correct answer is A. $7,350 U.
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