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Elementary Statistical Method > Ch 8 > Flashcards

Ch 8 Flashcards

1
Q

A value of a statistic used to estimate a parameter

A

Point estimate

ex. X embar is point estimate for mew

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2
Q

the confidence we have that the parameter lies in the confidence interval

A

confidence level

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3
Q

increasing confidence level will…

A

increase interval length but decrease precision, & vice versa

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4
Q

increasing sample size will..

A

decrease interval length but increase precision, & vice versa

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Elementary Statistical Method (4 decks)

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