Module 4 Flashcards
1
Q
What does the margin of error refer to?
A
The amount of random sampling error in statistic
2
Q
Confidence Interval definition
A
The percent confidence that a population mean is within a margin of error
3
Q
If you have a high confidence level, how does that affect your margin of error?
A
It increases it
4
Q
Can we make inferences about other samples from one confidence interval?
A
No
5
Q
What does a 95% confidence mean?
A
We are 95% confident that a population parameter will fall within a range of values
6
Q
Standard Error
A
Variability of a statistic (proportion) across different samples
7
Q
A
