Statistics - Confidence Intervals Flashcards
Why is a confidence interval about a point estimate reported?
A point estimate may be the mean
The confidence interval demonstrates how accurate this value may be
What is a sample mean used as an estimate of?
The true population mean
What is the standard error for the mean used to measure?
The confidence interval of a mean
The spread of the sample mean, NOT the spread of the actual measurements
What is the calculation for standard error?
se = sd/(square root n)
the standard deviation of the population is divided by the square root of the sample size
How does the standard error tend to change as sample size increases?
The standard error is reduced as sample size increases
what is a confidence interval used to specify?
it specifies a range of values (an interval) within which the true population mean is likely to lie
What is a necessary step needed to specify confidence intervals?
It is necessary to look up critical values from a normal distribution
what are the 2 cases that must be considered when calculating a confidence interval?
- when sd is known, or is estimated from a sample with 200 or more observations
- when sd has been estimated from a sample with less than 200 observations
How is a confidence interval for the mean calculated when sd for a population is known, or estimated from a sample of 200 or more observations?
It can be calculated using critical values from the standard normal distribution
In a population with known standard deviation, what is the best estimate for true population mean?
What confidence interval would be used?
the sample mean
A 95% confidence interval, which is constructed using the standard error of the mean
How can the 95% confidence interval be interpreted?
If a study was repeated many times, 95% of the times this interval will include the true population mean
What is the most important role of a confidence interval?
It gives a feasible range of values within which the true population might lie
If the population standard deviation is not known, how may it be calculated?
It can be estimated from a small sample of less than 200 observations
How do the critical values used to construct the confidence interval vary in small samples?
The critical values are a little bit larger
what is used opposed to the standard normal distribution in smaller samples?
Student’s t-test distribution for 95% confidence intervals