Exam 3 Flashcards
define Statistical Inference
Statistical inference is the process by which we acquire information and draw conclusions about populations from samples.
The objective of estimation is to determine the _________ _______ of a population parameter on the basis of a sample statistic.
The objective of estimation is to determine the approximate value of a population parameter on the basis of a sample statistic.
Define Point Estimator
A point estimator draws inferences about a population by estimating the value of an unknown parameter using a single value or point.
Define Interval Estimator
An interval estimator draws inferences about a population by estimating the value of an unknown parameter using an interval.
An alternative statement is:
The mean income is between 380 and 420 $/week.
Define Unbiased estimator
An unbiased estimator of a population parameter is an estimator whose expected value is equal to that parameter.
An unbiased estimator is said to be _________ if the difference between the estimator and the parameter grows smaller as the sample size grows larger.
An unbiased estimator is said to be consistent if the difference between the estimator and the parameter grows smaller as the sample size grows larger.
If there are two unbiased estimators of a parameter, the one whose variance is smaller is said to be _______ ________.
If there are two unbiased estimators of a parameter, the one whose variance is smaller is said to be relatively efficient.
Interval Width : A ______ interval provides little information.
Interval Width: A wide interval provides little information.
Increasing the sample size _______ the width of the confidence interval while the confidence level can remain unchanged.
Increasing the sample size decreases the width of the confidence interval while the confidence level can remain unchanged.
Error of estimation
We can define the sampling error as the difference between an estimator and a parameter. Specifically referred to as error of estimation
What is B mean and stand for in the sample size for proportion equation?
B in sample size for proportion equation is the maximum error of estimation that we are willing to tolerate, B stands for bound in the error of estimation.
The objective of estimation is to determine the approximate value of a population parameter on the basis of a ______ _________
The objective of estimation is to determine the approximate value of a population parameter on the basis of a sample statistic
That is we say (with some ___% certainty) that the __________ _________ of interest is between some lower and upper bounds.
That is we say (with some ___% certainty) that the population parameter of interest is between some lower and upper bounds.
The objective of estimation is to determine the approximate value of a _________ _________ on the basis of a sample statistic
The objective of estimation is to determine the approximate value of a population parameter on the basis of a sample statistic
what is Confidence Interval
It states that there is 1 - α probability that the sample mean will be equal to a value such that the interval
p(hat) plus or minus z alpha/2 sq rt ( p(hat) (1-p(hat)) / n )
will include the population proportion. Once the sample proportion is computed, the interval acts as the lower and upper limits of the interval estimate of the population proportion.
The probability 1 – α is the ________ ______, which is a measure of how frequently the interval will actually include p or µ.
The probability 1 – α is the confidence level, which is a measure of how frequently the interval will actually include p or µ.
Fail to reject null = ?
Fail to reject null = agreed with null hypothesis
Reject null = ?
Reject null = agreed with alternative hypothesis
What equation should you use:
Determine the sample size to estimate a population proportion within .02 with 99% confidence with p = .65
n = ( z α/2 sqrt(p(1-p)) / B ) ^2
Sample size for proportion Chapter 9
What equation should you use:
A marketing manager wanted to know whether his new product design was going to be popular. He asked a random sample of 500 potential customers whether they liked the new design better than the current design. A total of 320 people said that they did. Estimate with a 95% confidence the proportion of all potential customers who would prefer the new design.
P(hat)= x / n
p(hat) plus or minus z alpha/2 sq rt ( p(hat) (1-p(hat)) / n )
Sample proportion and confidence interval for the proportion
Chapter 9
A ____ ___ ____ occurs when we reject a true null hypothesis. That is, a ____ ___ ____ occurs when the jury convicts an innocent person.
A Type I error occurs when we reject a true null hypothesis. That is, a Type I error occurs when the jury convicts an innocent person.
A ____ ___ ____ occurs when we don’t reject a false null hypothesis. That is, a ____ ___ ____ occurs when a guilty defendant is acquitted, let go.
A Type II error occurs when we don’t reject a false null hypothesis. That occurs when a guilty defendant is acquitted, let go.
What is a hypothesis
A hypothesis is a claim (assertion) about
a population parameter:
population mean
Ex: The mean monthly cell bill in city is µ = $42
population proportion
Ex: The proportion of adults in this city with cells is p = 0.68
H0: — the ‘null’ hypothesis always uses what symbols
equals, greater or equal to, less than or equal to
“=” , “≤” or “≥” sign
H1: — the ‘________’ or ‘________’ hypothesis
H1: — the ‘alternative’ or ‘research’ hypothesis
What is the alternative Hypothesis?
Is the opposite of the null hypothesis
e.g., The average number of TV sets in U.S. homes is not equal to 3 ( H1: μ ≠ 3 )
Challenges the status quo
Never contains the “=” , “≤” or “≥” sign
May or may not be proven
Is generally the hypothesis that the researcher is trying to prove
P(Type I error) = ?
P(Type I error) = α