Ch. 1 - Confidence Intervals Flashcards
Population
A theoretical group you want to draw conclusions about.
Sample
A subgroup selected – often at random – from a population.
Parameter
A numeric summary of a population.
Ex: Population mean, μ (mu)
Statistic
A numeric summary of a sample.
Ex: Sample mean, x̄ (x bar)
Sample statistics are used to ESTIMATE __________.
population parameters
The sample mean, x̄, is a __________ of the population mean, μ.
point estimate
Sampling Distribution
The distribution of all possible sample means given a particular sample size, n.
Suppose that we draw all possible samples of size n from a given population. Suppose further that we compute a statistic (e.g., a mean, proportion, standard deviation) for each sample. The probability distribution of this statistic is called a sampling distribution.
The sampling distribution is __________ when the sample size is large, n ≥ 30.
normally distributed
The mean of the sampling distribution, μx̄ , is _____ to the mean of the sampled population, μ.
equal
μx̄ = μ
Standard Error (SE or σ<em>x̄ </em>)
The standard deviation of the sampling distribution.
Confidence Level
A confidence level refers to the percentage of all possible samples that can be expected to include the true population parameter.
In a survey sampling, different samples can be randomly selected from the same population; and each sample can often produce a different confidence interval. Some confidence intervals include the true population parameter; others do not.
For example, suppose all possible samples were selected from the same population, and a confidence interval were computed for each sample. A 95% confidence level implies that 95% of the confidence intervals would include the true population parameter.
Confidence Interval
A range of values that is likely to contain a population parameter with a certain level of confidence. It terminates in an upper bound and a lower bound.
Alpha, α
Alpha refers to the likelihood that the true population parameter lies outside the confidence interval. Alpha is usually expressed as a proportion. Thus, if the confidence level is 95%, then alpha would equal 1 - 0.95 or 0.05.
Z confidence intervals are used for a population mean when the __________, σ, is _____.
standard deviation of the population (A.K.A. the standard deviation of the “sampled distribution”);
known
Define each portion of the equation.