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Author Question: Define consistency. ... (Read 18 times)

Hungry!

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on: Aug 1, 2018
Define consistency.

Question 2

An official from the securities commission estimates that 75 of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry. Find the probability that at most 10 have profited from insider information.


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l.stuut

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Reply #1 on: Aug 1, 2018
Answer to Question 1

An unbiased estimator is said to be consistent if the difference between the estimator and the parameter grows smaller as the sample size grows larger.

Answer to Question 2

0.3135


Hungry!

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Reply 2 on: Aug 1, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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