chapter 3 : estimating a parameter Flashcards
point estimate
single guess for the population value. It truly respect population just when the sample is an unbiased estimator of population value
interval estimate
range of all plausible population value
confidence level
probability that a sample falls within interval
precision
width of confidence level, the arrow shows it –> the shorter means the more precise
standard error
standard deviation of the sampling distribution. The bigger the sample, the smaller the standard error –> bigger standard error means that the scores are more far away from the mean
critical value
value of a theoretical probability distribution that separetes top or bottom values, usually top or bottom 25%. usually also 1.96 when standardized values
confidence interval
all plausible population values given the sample that we drawn. The bigger the sample, the smaller interval estimates