Week 7- What is a Sampling Distribution Flashcards
Parameter
A number which describes some characteristic of a population. The exact value of a parameter is usually not known, because we cannot examine the entire population
Statistic
A number which describes some characteristic of a sample. The value of the statistic can be computed directly from the sample, and is often used to estimate the value of an unknown
Sampling Variability
The value of a statistic varies in repeated random sampling
Sampling Distribution
The distribution of values taken by a statistic for all possible samples
of a given size from the same population. This is not necessarily the same type of distribution as
the population distribution!
Unbiased Estimator
A statistic is an unbiased estimator if the mean of its sampling
distribution is equal to the true value of the parameter being estimated.
Variability of a Statistic
It is described by the spread of its sampling distribution. Spread is
dependent on the size of the sample: larger samples give smaller spread. Spread does not depend on population size as long as the population is at least 10 times larger than the sample
The Central Limit Theorem
The sampling distribution of the mean will always be normally distributed, as long as the sample size is large enough. Regardless of whether the population has a normal, Poisson, binomial, or any other distribution, the sampling distribution of the mean will be normal.