Topic 6 - Sampling Flashcards
What is a simple random sample
- Every object in the population has an equal chance of being selected
- Objects are selected independently
What is the ideal sample method that others are compared to
- Simple random sampling
What is a sampling distribution
- The distribution of all the possible values of a statistic for a random sample of size ‘n’ selected from a population
What is the “sampling distribution of the sample mean”
- A distribution formed when we take multiple samples of a given size from a population and calculate the sample mean, and then make a distribution from these means
What are the properties of the mean and variance of sampling distributions and population
- The mean of the sampling distribution of the sample means is the same as the population mean
- The variance of the sampling distribution of the sample means is not the same as the population variance -> Var(X bar) = Var(X) / n
What is the standard error of the mean
- A measure of variability in the mean from sample to sample
- As the sample size increases, SE will increase
How is the standard error of the mean calculated
- Standard error (sigma x bar) = Var(X) / sqrt(n)
When are individual sample members not distributed independently of one another
- If n is not a small fraction of the population N (typically, n is more than 5% of N)
What needs to be used if n is more than 5% of N
- A finite population correction
- Var(X bar) = Var / n * N - n / N - 1
- N - n / N - 1 is called the finite population correction factor
- Only applied to variance and S.D
what does n denote
- The sample size for each mean
- not the number of samples, this is assumed to be infinite
How large does our sample need to be for the CLT to apply
- n > 25 typically
- If the population is normal then the distribution will automatically be normal
How is the sample variance denoted
- s^2
How is the sample variance calculated
- s^2 = 1 / n - 1 * sum of (xi - x bar)
What is E(s^2)
- the mean of s^2 = σ^2
What does it mean if a population distribution is normal
- μ bar = μ
- σ^2 bar = σ^2 / n