Sampling and Estimation Flashcards
Simple Random Sampling
Method of selecting a sample in such a way that each item or person in the population being studied has the same probability of being included in the sample
Sampling Distribution
The distribution of all values that a sample statistic can take on when computed from samples of identical size randomly drawn from the same population
Sampling Error
The difference between sample statistic and its corresponding population parameter
Stratified Random Sampling
Involves randomly selecting samples proportionally from subgroups that are formed based on one or more distinguishing characteristics, so that the sample will have the same distribution of these characteristics as the overall population