Economics · Business Statistics and Research Methods
A point estimator is said to be consistent when ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is based on all available information in the sample
- 2It tends to become closer to the population parameter as the sample size becomes larger✓
- 3Its expected value is equal to the population parameter
- 4It has a smaller standard error than any other estimator
Correct answer
It tends to become closer to the population parameter as the sample size becomes larger
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