Chapter 9 Flashcards
1
Q
unbiased characteristic
A
a stat whose mean value is equal to the value of the pop. characteristic being estimated (matches what you expect)
2
Q
in general, what statistic do you use to rep. the population and when do you use it?
A
the one with the SMALLEST standard deviation, when given a choice between several for estimating a pop. characteristic.
3
Q
important properties of t distribution (related to confidence intervals of population mean)
A
- ) (corresponding to any fixed # of df) bell shaped
- ) more spread out than standard normal (z) distribution
- ) # of df increases, spread of “t” distrib decreases
- ) # of df increases, corresponding sequence of “t” distrib approaches standard normal (z) distrib.
* if not told confidence, assume 95%
4
Q
point estimate of population characteristic
A
a single # that is based on sample data and represents a plausible value of the characteristic