YESI had to reread it a couple of times.
The new yearly income is $86920.
Convert 6% into a decimal which is 0.06.
1ST METHOD:
82000*0.06=4290
4290+82000=86920
2ND METHOD:
0.06+1=1.06
82000*1.06=86920
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
