estimation and confidence intervals 5/11 Flashcards
The spread of the sample mean can be obtained from…
… taking repeated samples (of the same size) from a population.
sample means can be plotted…
on …
dot plot
or
histogram.
In the distribution of sample means, the mean of all the sample means will be the same as…
the population mean
Define Standard error
a measure of the precision of a sample estimate
The standard deviation of the spread of mean SD of sample means (spread of means of repeated samples collected from the population) provides a measure of how far from the true value the sample estimate is likely to be.
Equation: SE of the mean
SD/√n
Equation: SE of a proportion
√(p(1−p)/n)
Equation: SE of the difference between sample means
SE(x ̅_1−x ̅_2 )=√((s_1^2)/n_1 +(s_2^2)/n_2 )
Equation: SE of the difference between sample proportions
SE(p ̅_1−p ̅_2 )=√(√(p(1−p)/n) +√(p2(1−p2)/n) )
3 Properties of Standard Errors
A large SE indicates that the estimate is imprecise.
A small SE indicates that the estimate is precise.
The SE is reduced (we obtain a more precise estimate) if the size of the sample is increased.
SE is used to construct CI
Equation: 95%CI (mean)
x ̅±[1.96× SE (of the mean)]
SE is used to construct CI
Equation:95% CI (proportion)
p±[1.96 x SE(proportion)]
Equation: 95% CI of the difference in two means
Difference in two means
(x ̅_1 − x ̅_2 ) ± [1.96 x SE(of the difference in the two means)]
Equation: 95% CI of the difference in two means (proportion)
Difference in two proportions
(p_1 − p_2 ) ± [1.96 x SE(of the difference in the two means)]
Define CI
A range of values that is likely to cover the true but unknown population mean value, μ.
define 95% CI
the range of values within which we are 95% confident that the true population mean lies (our best estimate is the mean