sampling inference parameter Flashcards
what is the area under the curve of a normal distribution ?
1 which is equal to the sum of all the possibilities/probabilities
μ ± 1σ includes how much of the population ?
68%
μ ± 2σ includes how much of the population ?
95.4%
μ ± 3σ includes how much of the population ?
99.7%
what is statistical inference ?
is the conclusion we reach about a population based on data collected about a certain sample
what are measurements in a population called ?
parameters
what are measurements in a sample called ?
statistics
what are the two methods of making statistical inference ?
- point and interval estimation
2. hypothesis testing
what is a point estimate ?
a single numerical value ues to estimate the population parameter
what is an interval estimate ?
consists of two numerical values defining a range of values, with a specified degree of confidence
what is the best point estimate of the population parameter ?
sample statistic
what is the CI ?
gives info about closeness to the unknown population parameter
what is random error ?
an error resulting from the process of sampling
what is an example of the sample error ?
different samples with the same sample size will give different estimates for the population parameter
what is the difference between the standard error and the standard deviation ?
standard deviation applies to a single sample
standard error applies to multiple samples