Answer:
Unbiased
Step-by-step explanation:
If b^ is equal to B this means that it is an unbiased estimator. When there is an absence of bias, we have an unbiased estimator. As an unbiased estimator it gives accurate information most of the time. The result it gives is not over estimated and also it is not underestimated.
Expected value = true value
Parameter estimates are correct on average
Thank you
Answer: $7,500
Step-by-step explanation:
Use the formula: SI = P(1 + rt)
SI = 5000(1 + 0.05[10])
SI = 5000 + 2500
SI = $7,500
After 10 years, your balance should be $7,500
8 * 5 = 40
40 * 4 = 160
160 * 12 = 1,920
Answer: $1,920
