Test 2 Flashcards
If the probability distribution is symmetric about the mean, it is a () distribution.
Gaussian/normal
What are the mean and std dev for āzā if used in standard normal deviation?
mean=0 ; std dev=1
What is an experiment called when you do it without certainty of what will happen though you know the possible outcomes?
random experiment
What type of variable is it when you take the outcome and give it a number?
random variable
How do you correctly calculate an average?
(x,1)(p(x),1)+(x,2)(p(x),2)
The mean of the sampling distribution of the mean is the (same/different) as the mean of the original population
same
Which calculator function do you use to calculate the probability?
normalcdf
Which calculator function do you use to calculate the percentile #?
invNorm(
What is a value in the distribution that holds a specified percentage of the population below it?
percentile
How do you calculate the standard deviation of a sample?
(population std dev) / (square root of the sample size number)
What is a sampling distribution?
the collection of all possible sampling means
two types of estimates that can be produced for any population parameter
point estimate and confidence interval estimate
What is a single-valued estimate of the population parameter?
point estimate
What is a range of values for a population parameter with a level of confidence attached?
confidence interval estimate
What is built in by the CI and incorporates the confidence level and sampling variability or standard error of the point estimate?
margin of error