Exam 2 Flashcards
process of drawing conclusions about the entire population based on information in a sample
statistical inference
a number that describes some aspect of a population
parameter
a number that is computed from the data in a sample
statistic
the sample statistic of the true value of the population parameter when we only have one sample and don’t know the value of the population parameter
best estimate
if μ = the mean commute time for workers in a particular city, what statistic would you use to estimate?
x-bar
if p = the size of dinner bills and size of tips at a restaurant, what statistic would you use to estimate?
r
distribution of sample statistics computed for different samples of the same size from the sample population
sampling distribution
if samples are randomly selected and sample size is large enough the distribution will be ______ and the centered at _____
symmetrical and bell-shaped
value of the population parameter
the standard deviation of the sample statistic
standard error
as sample size increases, variability of the sample statistic _____
decrease
how do you give a plausible range of values when you are given the margin of error and the sample statistic?
sample statistic +/- margin of error
what is the margin of error?
a number that reflects the precision of the sample statistic as an estimate for a parameter
an interval computed from sample data by a method that would capture the parameters for a specified proportion of all samples
confidence interval
success rate or the proportion of all samples whose intervals contain the parameter
confidence level
how do you determine the confidence interval from the standard error?
statistic +/- 2(SE)
difference between standard deviation and standard error?
standard deviation is of the individual sample
standard error would be if the mean of the sample units were computed over and over again
amount added and subtracted in a confidence interval
margin of error
standard deviation of the sample statistic if we could take many samples of the same size
standard error
how do you interpret the confidence interval?
we are sure that our interval contains the population parameter
“we are sure the parameter falls within these values”
sampling with replacement from the original sample using the same sample size
bootstrap sample
computing the statistic of interest for each of the bootstrap samples
bootstrap statistic
the statistic for many bootstrap samples
bootstrap distribution
how would you conduct a bootstrap sample from a jar of 100 nuts with 52 peanuts in it to find the proportion of peanuts in the jar?
shake the jar, pull a nut out, record if it is a peanut, put the nut back, and repeat 99 more times
if sample size is increased, precision of estimate is _____
increased
if sample size is increased, standard error _____
decreases
if sample size is increased, width of confidence interval _____
decreases
used to determine whether results from a sample are convincing enough to allow us to conclude something about the population
statistical tests
Ho - claim that there is no effect or no difference
null hypothesis
Ha - claim for which we seek significant evidence
alternative hypothesis
in a hypothesis test, we want to refute the _____ and support the _____
null hypothesis
alternative hypothesis