Estimation Flashcards
What are confidence intervals and why are they useful?
Used to quantify uncertainty when taking samples from populations.
A confidence interval gives a range of values which capture the population mean with a given probability.
What is a population?
Population is any collection of individuals (or measurements made on those individuals) in which we are interested
Define the term sample:
A sample is any subset of a population. It is selected to be representative of the population
Define the term random sample:
A random sample is one chosen in such a way that each member of the population has the same chance of selection
Define the term population distribution:
The frequency distribution of a variable in the population
Define population parameter:
Numerical values that describe characteristics of an entire population.
Describe the difference between population parameters and sample statistics:
Population parameter refers to characteristics of an entire population whereas sample statistics refers to characteristics derived from a sample
Define accuracy:
How close samples are to the mean (target)
Define precision:
How close samples are together
Define the sampling distribution of a statistic
Is the frequency distribution of that statistic over all possible samples of a given size selected from the population
Define standard error and its use:
The standard deviation of the sampling distribution of a statistic
Used to calculate confidence intervals.
What are 2 general properties that affect 95% confidence limits?
The larger the sample size the narrower the confidence interval.
The higher the probability the wider the confidence interval.
How do you calculate a confidence interval ?
estimate +/- M X standard error of estimate
where M is a multiplier which depends upon the sampling distribution of the estimate and the percentage used
What is the multiplier for a 95% confidence limit and why ?
1.96
Because 95% of a Normal distribution lies within 1.96 standard deviations of the mea
How do you calculate confidence interval on SPSS ?
Enter the values of the variable in a column Analyse>Compare means >One Sample T test
Move the variable of interest into Test Variable