Module 3: Samples, Study Design, & Precision Flashcards

1
Q

What is an outlier?

A

An observation value that exceeds 3 standard deviations from the mean

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2
Q

What are the 2 types of estimates of parameters?

A
  • Point estimate

- Interval estimate

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3
Q

Point Estimate

A

Single number representing the best guess for a parameter

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4
Q

Interval Estimate

A

Interval of numbers around the point estimate where the parameter value is believed to fall

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5
Q

What is “efficient” in statistics?

A

If it falls closer on the average than other estimators to the parameter

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6
Q
A

Denotes an estimator of a parameter

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7
Q

Standard Error

A

A tool used to measure our ability to consider sample statistics as population parameters

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8
Q

Confidence Interval

A
  • The value that determines how close the estimate is to the parameter
  • AKA Margin of error
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