Estimation Flashcards
will be used to estimate the average income of the entire households in the city
sample mean
. In other words, when a parameter of a given population is unknown, a sample data can be collected and used to make an ___of that unknown parameter.
estimate
is the use of a suitable statistic and computes its value from a given sample data
point estimation
The statistic use is called the
point estimator
and the value of the statistic is called the
point estimate
is the point estimator of the of the population parameter mean µ.
x ̅
formula for sample mean
check reviewer
is the estimator of the of the population parameter proportion
p hat
formula of p hat
check reveiwer
interval estimation for the population mean is used when (3)
(a)the population variance is known,
(b) the population variance is unknown, and
(c) the Central Limit Theorem is to be used.
is the use of sample data to calculate a range of possible values for an unknown population parameter
interval estimation
Unlike the point estimation that uses single value, interval estimation uses
interval value
In practice, interval estimation is a better way to estimate parameters than point estimation due to
sampling error
In the Philippines the National Statistics Office (NSO) conducts census every after ___years.
three
provide parameters that characterizes the status of the country. Examples are gender statistics, average household income, average household size, etc. However, this process requires a lot of time and resources.
census
NSO meaning
National Statistics Office
The interval 11320≤μ≤22580 is the
confidence interval
The lower limit of the interval, 11320, and the upper limit, 22580, are called the
confidence limits