Author Question: A statistic is biased if the mean of the sampling distribution is equal to the parameter it is ... (Read 104 times)

RYAN BANYAN · **on:** Jun 24, 2018

A statistic is biased if the mean of the sampling distribution is equal to the parameter it is intended to estimate.

A) True B) False

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Question 2

Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an average of 800 per month and a standard deviation of 50 per month. Refer to such expenses as PCE's (personal call expenses). Find the point in the distribution below which 2.5 of the PCE's fell.

A) 702.00 B) 780.00 C) 20.00 D) 898.00