Week 2 Flashcards

1
Q

Normal curves

A

when curves are symmetrical, unimodal, and bell-shaped

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2
Q

The 68-95-99.7 rule

A

Approximately 68% of the observations fall within σ and the mean μ
Approximately 95% of the observations fall within 2 σ of μ
Approximately 99.7% of the observations fall within 3 σ of μ

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3
Q

Cumulative proportion

A

is the proportion of observations that lie below or at a given value.

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4
Q

Find the proportion from X

A

o Standardize, Subtract the mean, then divide by the standard deviation, to transform the problem about X into a problem about a standard Normal Z

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5
Q

statistical inference

A

When you we infer conclusions about the wider population based on a sample

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6
Q

parameter (p)

A

is a number that describes the population. It is a fixed number but in practise we don’t know its value (e.g u and o)

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7
Q

statistic (p ̂)

A

is a number that describes a sample. The value is known because we took the sample. We often use a statistic to estimate an unknown parameter (X bar and sx)

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8
Q

sampling variability

A

the value of a statistic varies in repeated random sampling

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9
Q

sampling distributions

A

of a statistic is the distribution of values taken by the statistic in all possible samples of the same size from the same population

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10
Q

Bias

A

concerns the centre of the sampling distribution

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11
Q

Unbiased estimator

A

When the centre lies at the true value of the parameter

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12
Q

Margin error

A

is a numerical measure of the spread of a sampling distribution. It can be used to set bounds on the size of likely error in using the statistic as an estimator of a population parameter

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13
Q

To reduce bias

A

use random sampling

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14
Q

To reduce variability

A

use a large sample. You can make the variability as small as you want by taking a large enough sample

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