Unit 8 Flashcards
1
Q
A statistic that provides an estimate of a population parameter
A
Point Estimator
2
Q
The value of a statistic that provides an estimate of a population parameter
A
Point Estimate
3
Q
Gives an interval of plausible values for a parameter based on sample data
A
Confidence Interval
4
Q
Gives the overall success rate of the method used to calculate the confidence interval
A
Confidence Level
5
Q
An estimate that describes how far, at most, we expect the estimate to vary from the true population value
A
Margin of Error
6
Q
A multiplier that makes the interval wide enough to have the stated capture rate
A
Critical Value
7
Q
The estimated standard deviation of a statistic
A
Standard Error
