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STATS > Chapter 7 > Flashcards

Chapter 7 Flashcards

1
Q

Discuss point estimation

A

When the value of a sample statistic is taken to be the true value of the population parameter.

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2
Q

Define interval estimation

A

A range of values defined around a sample statistic where the population parameter is expected to lie with a certain level of confidence

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3
Q

The precision of a confidence interval is influenced by

A

The specified confidence level

The sample size

The population standard deviation

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STATS (6 decks)

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