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What is the primary objective of inferential statistics?
Which of the following describes a point estimate?
What is a confidence interval?
Which statement about estimators is true?
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What characterizes an unbiased estimator?
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What is the Z score used for when constructing a confidence interval?
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If the sample mean is 105 and the calculated confidence interval range is from 102.92 to 107.08, what is the value of the Z score used?
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According to the Central Limit Theorem, what must be true about the sample size to ensure normality in the sampling distribution of sample means?
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What adjustment do we make if we do not know the population standard deviation when constructing a confidence interval?
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If a community has an average IQ of 105 and the population standard deviation is 15, how does this affect the construction of the confidence interval?
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What is the main implication of the Central Limit Theorem regarding non-normally distributed traits?
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What statistical measure is represented by the term 'standard error of the mean'?
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In the calculation of a confidence interval with an alpha level of 0.05, what level of confidence does this correspond to?
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What does an unbiased sampling distribution mean regarding the mean or proportion?
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How does the standard error of the sampling distribution relate to the sample size?
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What is the term that describes the extent to which the sampling distribution is clustered around the mean?
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In the context of point estimates, what is the significance of having a larger sample size?
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Given two unbiased samples with the same mean, how does one sample's standard deviation affect the standard error when compared to the other?
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What is the relationship between the standard deviation of a sampling distribution and the mean?
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What is indicated when a sample is reported as being 3 standard deviations from the mean?
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What effect does a smaller standard error have on the sampling distribution?
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What happens to the width of a confidence interval as the confidence level increases?
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Which of the following values of alpha corresponds to a 90% confidence interval?
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If the sample size is increased, what effect does it have on the confidence interval?
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For a 95% confidence interval with a lower limit of $114,035.78 and an upper limit of $115,964.22, what is the estimated mean value?
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What is the minimum sample size required to achieve a margin of error of ±4%?
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What does a confidence interval of $115,000 ±$1,269.23 indicate?
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Which sampling error would require at least a sample size of 2,500 to achieve?
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In the context of confidence intervals, what is generally affected by the level of alpha?
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What is the significance level commonly used in research?
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What does a point estimate represent?
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What Z score corresponds to a 95% confidence level?
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How is the probability divided for a significance level of 0.05?
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What represents a greater level of confidence in an estimate?
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What is the typical range for constructing confidence intervals in social sciences?
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What does the confidence interval account for?
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Why is a larger sample beneficial for confidence in estimations?
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Which Z score corresponds to a 90% confidence level?
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What would indicate that only a small chance exists for the population parameter to fall outside the confidence interval?
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Study Notes
Estimation Procedures
- Estimation procedures estimate population values using sample statistics.
- The goal of inferential statistics is to infer from sample data to the population.
- There are two main types of estimation procedures:
- Point Estimate: A single value used to estimate a population value.
- Confidence Interval: A range of values used to estimate a population value.
- Estimators are statistics calculated from a sample, used to estimate a population parameter.
- Estimators must be unbiased and efficient.
Bias
- An estimator is unbiased if the mean of its sampling distribution equals the population value of interest.
- If an estimator is unbiased, the sampling distribution mean will equal the population parameter if the sample size is large enough.
Efficiency
- Efficiency measures how closely the sampling distribution is clustered around the mean.
- A smaller standard error means the sample means are more clustered around the population mean, improving the estimator's efficiency.
- Standard error decreases as the sample size increases, leading to higher efficiency.
Point Estimates
- Point estimates are calculated by drawing an EPSEM sample and calculating the sample mean or proportion.
- Larger samples lead to more confidence in the point estimate because they are more efficient.
Confidence Intervals
- Confidence intervals are safer than point estimates because they provide a range of values rather than a single value.
- They increase the likelihood of including the true population parameter.
- Alpha (α) represents the significance level and the risk a researcher is willing to take of being wrong.
- Common alpha levels are 0.05 (95% confidence level) and 0.10 (90% confidence level).
Constructing Confidence Intervals
- Step 1: Set alpha (α).
- Step 2: Find the corresponding Z-score for α. Divide the probability into the upper and lower tails of the sampling distribution.
- Step 3: Construct the confidence interval based on the information available (population standard deviation known vs unknown, sample size, normality).
Confidence Interval Procedures
- When population standard deviation is known:
- Confidence interval formula: c.i. = ± Z * σ / √n
- c.i.: Confidence interval
- Z: Z-score
- σ: Population standard deviation
- n: Sample size
- Confidence interval formula: c.i. = ± Z * σ / √n
- When population standard deviation is unknown, the population is normally distributed, and the sample size is 100 or greater:
- Confidence interval formula: c.i. = ± t * s / √n
- c.i.: Confidence interval
- t: t-score (calculated using the t-distribution)
- s: Sample standard deviation
- n: Sample size
- Confidence interval formula: c.i. = ± t * s / √n
Controlling Confidence Interval Width
- Factors influencing confidence interval width:
- Alpha level (α): Higher confidence levels yield wider intervals.
- Sample size: Larger sample sizes result in narrower intervals.
Margin of Error
- Margin of error is tied to sample size.
- Larger sample sizes have smaller margins of error, resulting in more precise estimates.
- For example, a sample size of 1000 would have a margin of error of ±3%, while a sample size of 400 would have a margin of error of ±5%.
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Description
This quiz explores estimation procedures in inferential statistics, focusing on point estimates and confidence intervals. Learn about the importance of unbiased and efficient estimators in estimating population values from sample statistics. Test your understanding of bias and efficiency in sampling distributions.