Topic 4- Sampling Methods And CLT Flashcards
2 concepts in inferential stats
Probability sampling
Sampling distribution
4 types of probability samples
Simple random samplling
Systematic random sampling
Stratified random sampling
Clustered sampling
Simple random sampling
Same probability of being included e.g random number generator
Systematic random sampling
Random starting point selected, then every kth member is selected.
E.g every 10th customer in a restaurant
Stratified random sampling
Divide population into subgroups, called strata, and sample selected randomly from each strata.
E.g divide population in school into ethnicity, then select randomly
Cluster sampling
Divide population into clusters, then randomly select cluster, then randomly select sample from the clusters chosen
Difference from stratified is that clusters are randomly selected, so not all clustered may be hsed
Sampling distribution
Probability distribution of a statistic for all possible samples of size N.
E.g sampling distribution of sample mean costs of all posssible means of a given sample size selected from a population.
Sampling distribution of the sample mean
A probability distribution of all possible sample means of a given sample size.
Central limit theorem
If samples of a particular size are selected from any population, the sampling distribution of the sample mean is approximate a normal distribution. (Improves with larger samples)
Why is the CLT useful
Once we know sampling distribution of mean follows a normal distribution, we can find z scores and find the probability the sample mean falls within a region.
Standard deviation of sample mean
σ/√N
N is sample size