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Definition
| A single value (point) derived from a sample and used to estimate a population value |
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| A more informative approach is to present a range of values in which we expect the population parameter to occur. Such a range of values is called... |
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| The statistic, computed from sample information, which is used to estimate the population parameter |
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| A range of values constructed from sample data so that the population parameter is likely to occur within that range at a specified probability. The specified probability is called the level of confidence. |
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| 95 percent confidence & 99 percent confidence interval |
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Definition
| Intervals computed in the standard error fashion are called... |
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Definition
| the fraction, ratio, or percent indicating the part of the sample or population having a particular trait of interest |
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| Finite-population correction factor |
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Definition
| If we are determining the confidence interval for a proportion, then we need to adjust the standard error of the proportion in formula. This adjustment is called... |
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| Choosing an Appropriate Sample Size |
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Definition
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| Choosing an Appropriate Sample Size |
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Definition
| Use a range-based approach |
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| Choosing an Appropriate Sample Size |
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Definition
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