EDA 1 Flashcards
are used to make decisions and draw conclusions
about populations.
Statistical methods
may be divided into two major areas: parameter
estimation and hypothesis testing.
Statistical inference
using statistical approach on different sampling methods and
populations.
Test hypotheses
using method of moments and the method of maximum
likelihood.
point estimators
size n if (a) the are independent random variables and (b) every has the same
probability distribution.
Random Sample
A point estimate of some population parameter θ is a single numerical value of a statistic . The statistic is called
point estimator.
is any function of the observations in a random sample.
statistic
The probability distribution of a statistic is called a
sampling distribution
If 1, 2 is a random sample of size n taken from a population
(either finite or infinite) with mean and finite variance
2 and if is the sample mean, the limiting form of the distribution of
Central Limit Theorem
If we consider all unbiased estimators of θ, the one with the smallest
variance is called the
minimum variance unbiased estimator (MVUE).
If the standard error involves unknown parameters that can be
estimated, substitution of those values into
estimated standard error,