Answer: It's 3.8
Step-by-step explanation:
Account A
A=p+i
A=25,000+(925×5)
A=29,625
Account B
A=p(1+rt)
A=25,000×(1+0.065×5)
A=33,125
How much more did the account B earn
33,125−29,625
=3,500
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
