Statistical Inference: Basic Concepts & Point Estimation

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Questions and Answers

In statistical inference, what is the relationship between a parameter and a statistic?

  • A parameter estimates a statistic.
  • There is no direct relationship between a parameter and a statistic.
  • A statistic estimates a parameter. (correct)
  • Both are fixed values representing population characteristics.

Which of the following is NOT a property associated with point estimation?

  • Unbiasedness
  • Sufficiency (correct)
  • Efficiency
  • Consistency

What does UMVUE stand for in the context of estimators?

  • Unbiased Minimum Variance Unbiased Estimator
  • Uniformly Minimum Variance Unbiased Estimator (correct)
  • Unbiased Maximum Variance Unbiased Estimator
  • Uniformly Maximum Variance Unbiased Estimator

What is the purpose of hypothesis testing?

<p>To assess the evidence in favor of or against a statement about a population. (D)</p> Signup and view all the answers

What is the implication of increasing the confidence level in interval estimation, assuming all other factors remain constant?

<p>The width of the confidence interval increases. (B)</p> Signup and view all the answers

Which of the following is a potential consequence of a Type I error in hypothesis testing?

<p>Rejecting a true null hypothesis. (A)</p> Signup and view all the answers

What role does the level of significance play in hypothesis testing?

<p>It defines the critical region beyond which the null hypothesis is rejected. (B)</p> Signup and view all the answers

What is the primary difference between simple and composite hypotheses?

<p>Simple hypotheses specify a single value for the parameter, while composite hypotheses specify a range of values. (D)</p> Signup and view all the answers

Which test is specifically designed for assessing the association between two categorical variables?

<p>Chi-square test (B)</p> Signup and view all the answers

Why is 'best linear unbiasedness' a desired property in an estimator?

<p>It ensures the estimator has the smallest possible variance among all unbiased estimators that are linear combinations of the data. (B)</p> Signup and view all the answers

Flashcards

Statistical Inference

The process of drawing conclusions about a population based on sample data.

Point Estimation

Estimating population parameters with a single value.

Confidence Interval

Range of values used to estimate a population parameter.

Hypothesis

A statement about a population parameter to be tested.

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Type I Error

Probability of rejecting the null hypothesis when it is true.

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Type II Error

Failing to reject the null hypothesis when it is false.

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Power

Probability of correctly rejecting a false null hypothesis.

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P-value

Probability of obtaining results as extreme as observed.

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Minimum Mean Square Error

Estimator with the smallest average squared difference from the true value.

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UMVUE (estimator)

Estimator that is unbiased and has minimum variance.

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Study Notes

  • Semester III, Statistics Major
  • Course: Statistical Inference I
  • Credits: 3
  • Type: Theory

Basic Concepts of Statistical Inference

  • Includes population and sample.
  • Includes parameters and statistics.
  • Includes population distribution and sampling distribution.
  • Covers point estimation, interval estimation and hypothesis testing.
  • Three useful distributions: chi-squared, t, and F (derivations excluded).

Point Estimation

  • Focuses on concepts of estimation.
  • Looks at requirements for a good estimator.
  • Covers mean square error.
  • Covers unbiasedness and bias-variance trade-off.
  • Discusses best linear unbiasedness and minimum variance unbiasedness.
  • Covers properties of uniformly minimum variance unbiased estimators (UMVUE).
  • Includes comparison of Estimators and Efficiency.
  • Methods of Estimation: Method of moments and method of maximum likelihood estimation.
  • Covers statements of their small sample properties.
  • Includes point estimators of the parameters of Binomial, Poisson, and univariate Normal distributions.

Elements of Hypothesis Testing

  • Focuses on null and alternative hypotheses.
  • Covers simple and composite hypotheses.
  • Includes critical region, type I and type II errors.
  • Covers level of significance, size, power, and p-value.
  • Includes exact tests and confidence intervals: classical and p-value approaches.
  • Tests relating to Binomial and Poisson distributions, Fisher's exact test.
  • Chi-square tests for association, homogeneity, and goodness of fit.
  • Tests of hypotheses for the parameters of normal distribution (one sample and two sample problems), paired t-test.
  • Combination of probabilities in tests of significance.

Interval Estimation

  • Includes confidence interval and confidence coefficient.
  • Exact confidence interval for mean(s) and variance(s) for one and two sample problems under the Normal set-up.

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