The answer is C, Step 3: He should have divided both sides by -7.
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Answer:
Since the name indicates Minimum Variance Unbiased Estimator-first of all it is a parameter estimator. Secondly, it is an unbiased estimator so that the sample is carried out randomly. I.e. whenever a sample is chosen, there is no personal bias.
Then we can consider more than one sample-based unbiased estimator but sometimes they can vary in variation. But we have always intended to select an estimator that has minimal variance.
Therefore if the unbiased estimator has minimal variation between all unbiased class estimators then it is known as a good estimator.
The advantage of MVUE is that it is impartial and has a minimal variance of all unbiased estimators amongst the groups.
At times we get an estimator such as MLE which is not unbiased because the sample can be personally biased. Now let us assume an instructor needs to find the lowest marks in a physics class. Presume an instructor picks a sample and interprets the lowest possible marks.
Again the mistake could be that the instructor may choose his favorite sample learners because the sample might not be selected randomly. Therefore it is important to select an unbiased estimate with a minimum variance.
Quantity of dolls and horses are 10 and 5 respectively .
Selling prices of dolls and horses are $7 and $ 9 respectively .
And the commission on them are $2 and $ 3 respectively .
So net price = 10*(7-2) + 5(9-3) = 10+5 + 5*6 = 50+30 = 80
So the total value of the merchandise using net realizable value is $ 80. Therefore out of the given options, correct option is the last option .
Hello! For this question, first, we have to find the area of the spherical container. The formula for finding the area of a sphere is 4/3πr³. We raise the radius to the 3rd power and multiply it by pi (3.14). The radius is 9 cm. 9³ is 729. There's that number. Now, we multiply 81 by 3.14 to get the total area of the square. 729 * 3.14 is 2,289.06. Now, multiply that by 4/3. 2,289.06/1 * 4/3 is 3,052.08. The volume of the sphere is 3,052.08 cubic centimeters. Which brings us to the next part. Now, we can find the price of the solution by multiplying the area by the price. 3,052.08 * 2.10 is 6,409.368 or 6,409.37 when rounded to the nearest cent. The total value of the solution in the container is $6,409.37.
