unit 6 Flashcards
Point estimate is a
midpoint
Why do we use interval estimate rather than a point estimate?
Because it is more likely to be correct
What are intervals?
Set of plausible values for a parameter based on sample data
Interpreting Confidence Interval- the sentence and points
We are C% confident that the interval from ___ to ___ captures [parameter in context]
Points:
- confidence percentage
- interval captures
- proprotion, true
- parameter
What is the confidence level?
The predicted sucess rate
How do you intepret a confidence level?
If we were to select many random samples of same size from same population & construct a c% confidence interval using each sample, abt c% of intervals would cpature the [parameter in context]
Confidence interval _____ tell us the probability that a particular interval includes the parameter
doesn’t
Conditions for calculcating a confidence interval for a population proportion
- Random condiition
- 10% condiiton
- Large counts
Large cou