estimation Flashcards
definition of population
any collection of individuals in which we are interested
definition of population distribution
frequency distribution of a variable in the population
definition of population parameters
summary values calculated in populations
definition of sample
subset of any population and is ideally selected to be representative of the population
definition of random sample
drawn from a population in such a way that each member of the population has an equal chance of being selected
what properties do we like our sample to have
accuracy/absence of bias-centred about to mean
precision/ repeatability-show little variation
what is the sampling distribution of a statistic
frequency distribution of that statistic over all possible samples of a given size selected from the population
what is the standard error
the std deviation of the sampling distribution of a statistic
what is std error used to calculate
confidence intervals
what is a confidence interval
a range of values centered on the sample estimate which is likely to include the population parameter with a given probability
the equation for 95% CI for population mean
mean +- 1.96 s/sq root of n
(s / square root of n - std error of a mean)
the equation for 95% CI for population proportion
mean +- 1.96 square root of p(1-p)/n
definition of 95% confidence interval
in 95% of repeated samples from the population confidence intervals calculated in this way will capture the population parameter
what are the 2 general properties of confidence intervals
- the larger the sample size, the smaller the std error, the narrower the CI
- higher the probability, wider the CI
what doe we assume when calculating CI
the sampling distribution is normal