Chapter 6-8 Test Prep Flashcards

1
Q

Backing into σ for confidence intervals

A

if you assume a normal distribution, the range is approximately equal to 6σ (± 3σ) so that you estimate σ as the range divided by 6

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2
Q

Central Limit Theorem

A

As the sample size gets large enough, the sampling distribution of the mean is approximately normally distributed. This is true regardless of the shape of the distribution of hte individual values in the population.

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3
Q

Confidence Interval Estimate for the Proportion

A

where

p = sample proportion = X/n

π = population proportion

Zα/2 = critical value from the standardized normal distribution

n = sample size

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4
Q

Confidence Interval Estimate of the Mean

A

(1- α)*100%

99% confidence interval would be

(1 - α)*100% = 99% > (1 - α) = .99 > 1 - .01 = α > α = .01

Find 1 - α/2 to get the area under the curve for 99%

then find Zα/2 = Z0.005 >

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5
Q

Confidence Interval for the Mean (σ unknown)

A

where

tα/2 is the critical value corresponding to an upper-tail probability of α/2 from the t distribution with n - 1 degrees of freedom

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6
Q

Confidence Interval for the Mean (σ known)

A

This is essentially a “known probability” (which is for a population) but for a sample.

i.e. you’re substituting x̄ for µ

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7
Q

cumulative standardized normal distribution

A

Represents area under the cumulative standardized normal distribution from -∞ to Z

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8
Q

D.C.O.V.A.

A

Define the data that you want to study to solve a problem or meet an objective

Collect the data from appropriate sources

Organize the data collected, by developing tables

Visualize the data collected, by devleoping charts

Analyze the data collected, to reach conclusions and present those results

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9
Q

Degrees of Freedom

A

n - 1

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10
Q

exponential distribution

A

Contains values from zero to positive infinity and is right-skewed, making the mean greater than the median

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11
Q

Finding an X Value Associated w/ a Known Probability

A

X = µ + Zσ

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12
Q

Finding Z for the Sampling Distribution of the Mean

A

Finding how a sample mean, x̅, differs from the population mean. By substituting x̅ for x, µ for µ, and σ for σ in the equation for finding Z, you get the following:

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13
Q

Finding Z for the Sampling Distribution of the Proportion

A
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14
Q

Finding x̄ for the Sampling Distribution of the Mean

A

To find the interval that contains a specific proportion of the sample means.

Note:

Instead of X = µ + σ (i.e. the standard deviation) you use X̅ = µ + Z*σ/sqrt-n (standard error of the mean)

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15
Q

Level of Confidence

A

is symbolized by (1 - α) * 100%, where

α is the proportion in the tails of the distribution that is outside the confidence interval

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16
Q

Normal Probability Density Function

A

A probability density function for a specific continuous probability distribution defines the distribution of the values for a continuous variable and can be used as the basis for calculations that determine the likelihood or probability that a value will be within a certian range

17
Q

Population Mean

A
18
Q

Population Standard Deviation

A

The Standard Deviation is a measure of how spread out numbers are.

19
Q

Sample Proportion

A

It is the proportion of items in the sample with the characteristics of interest

The sample proportion, p, will be b/t 0 & 1.

20
Q

Sample Size Determination for the Mean

A

To compute the Sample Size, you must know three quantities:

  1. The desired confidence level, which determines the value of Zα/2, the critical value from the standardized normal distribution
  2. The acceptable sampling error, e
  3. The standard deviation, σ
21
Q

sampling distribution

A

A sampling distribution is the distribution of the results if you actually seloected all possible samples.

22
Q

sampling distribution of the mean

A

the distribution of all possible sample means if you select all possible samples of a given size

23
Q

sampling distribution of the proportion

A

the distribution of all possible sample means if you select all possible sample proportions of a given size

However, you can use the normal distribution to approximate the binomial distribution when

nπ and n(1 - π) are each at least 5

24
Q

Sampling error e

A
25
Q

Standard Confidence Intervals

90%

95%

99%

A

90% = .95 & .05

95% = .975 & .025

99% = .995 & .005

26
Q

Standard Error of the Mean

A

The value of the standard deviation of all possible sample means, called the standard error of the mean, expresses how the sample means vary from sample to sample.

27
Q

Standard Error of the Proportion

A

The statistic p is an unbiased estimator of the population proportion, π

By analogy to the sampling distribution of the mean, whose standard error is σ = σ/sqrt-n, the

STANDARD ERROR OF THE PROPORTION IS

28
Q

Student’s t distribution

A

t = x̄ - µ / (S / sqrt-n)

If the variable X is normally distributed, the the following statistic has a t distribution with n - 1 degrees of freedom

29
Q

The Unbiased Property of the Sample Mean

A

The sample mean is unbiased because the mean of all the possible sample means (of a given sample size, n) is equal to the population mean, µ.

30
Q

Theoretical Properties of Normal Distribution

A
  • Symmetrical Distribution - therefore the mean and median are equal
  • Bell shaped. Values cluster around the mean
  • Interquartile range is roughly 1.33 σ. Therefore, the middle 50% of the values are contained within an interval that is approximately 2/3’s of a standard deviation below and above the mean
  • the distribution has an infinite range. Six σ approximate this range.
31
Q

uniform distribution

A

Contains values that are equally distributed in the range between the smallest value and the largest value. (aka rectangular distribution)

32
Q

Values for π and π(1-π)

A

When π = 0.9, then π(1-π) = (0.9)(0.1) = 0.09

When π = 0.7, then π(1-π) = (0.7)(0.3) = 0.21

When π = 0.5, then π(1-π) = (0.5)(0.5) = 0.25

When π = 0.3, then π(1-π) = (0.3)(0.7) = 0.21

When π = 0.1, then π(1-π) = (0.1)(0.9) = 0.09

33
Q

Z Transformation Formula

A

The transformation formula computes a Z value that expresses the difference of the X value from the mean, µ, in standard deviation units called standardized units.

Then you can determine the probabilities by using the cumulative standardized normal distribution table.

The Z value is equal to the difference between X and the mean, µ, divided by the standard deviation, σ.

34
Q

What 3 things must you know to determine a sample size of a proportion

A
  1. The desired confidence lev el, which determines the value of Zα/2, the critical value from the standardized normal distribution
  2. The acceptable sampling error (or margin of error), e
  3. The population proportion, π
35
Q

Movement of standard error

A

As the standard error decreases, values become more concentrated around the mean.

Therefor, the probability that the sample mean will fall in a region that includes the population mean will always increase when the sample size increases.