Shared Flashcard Set

Details

Stats Ch.8.1
What are the point and interval estimates of population parameters?
19
Mathematics
Undergraduate 1
10/24/2010

Additional Mathematics Flashcards

 


 

Cards

Term
Symbols
Definition
Term
Mean;
Population Parameter;
Definition
u, mu
Term
Mean;
Sample Statistic
Definition
x(bar)
Term
standard deviation
population parameter
Definition
sigma
Term
Standard Deviation:
Sample Statistic
Definition
s
Term
Proportion:
Population Parameters
Definition
p
Term
Proportion:
Sample Statistic
Definition
P(hat)
Term
Parameters vs. Statistics
Definition
WHAT?
Term
If we were to take a sample and calculate the sample mean, would the sample mean be exactly equal to the population mean?
Definition
probably not
Term
If we were to take a sample and compute the sample proportion, would the sample mean be exactly equal to population mean?
Definition
probably not
Term
If we were to take a sample and compute the sample the sample proportion, would the sample proportion be exactly equal to the population proportion?
Definition
Probably Not
Term
The statistics are called ________ _______. They are our "best guess" of the parameter but we need to know more about their variability and potential biases.
Definition
point extimates
Term
Bias and Standard Error-all the statistics we use in this class are unbiased and have small variability.
Definition
Term
Bias has to do with the ______(center, spread) of the sampling distribution.
Definition
center
Term
Bias:
An ________ (unbiased/biased) statistic has its sampling distribution centered at the parameter being estimated.
Definition
unbiased
Term
How do you reduce bias?
Definition
Use Randomization
Term
Standard Error has to do with the _______ (spread/center) of the sampling distribution.
Definition
spread
Term
Sampling Error:
A _______ (smaller/larger) spread means that we have more values of the estimate closer to the parameter being estimated.
Definition
smaller
Term
How do you reduce standard error?
Definition
Use large sample sizes.
Supporting users have an ad free experience!