6: Sampling Distributions I Flashcards
Law of Large Numbers
If we draw independent observations at random from any population with finite mean (u) as the number of observations drawn increases, the mean of the observed values (x-bar) eventually approaches u.
OR, as the number of randomly drawn observations n in a sample increases, the mean of the sample gets closer and closer to the TRUE popln mean u
parameter
true value of a population quantity which we don’t know in practice
sampling distribution
distribution of values taken by the statistic in all possible samples of the same size from the same population
sampling variability
the value of a sample statistic will vary in a repeated random sampling
population distribution
the popln distribution of a variable is the distribution of its values for all members of the population
also, the probability distribution of the variable when we choose one individual from the population at random
sampling distribution of the mean - mean and std. dev
for a sampling distribution, the standard deviation is called the standard error
= std dev / sqr rt n
Central Limit Theorem
Draw a SRS of size n from any population with mean μ and finite standard deviation σ.
When n is large, the sampling distribution of the sample mean is approximately normal: N(μ, σ/√n).
binomial distribution for sample counts
probability of distribution of a random variable that can take on one of two possible variables
binomial setting (4 rules)
- fixed number of trials
- in each trial, a certain outcome can occur - success or failure
- probability of success remains constant from trial to trial (p of failure also constant)
- n trials are all independent