Flashcards
Module 5
Cards in this deck (3)
- 1estimatorsample mean, known as an estimator, to estimate the population mean. In other words, you would use a sample statistic to estimate a population parameter
- 2interval estimaterange of values in which you expect the population mean to fall. This is called the interval estimate, and you obtain this interval by adding and subtracting a certain amount from the sample
- 3bound on the error of estimationdenoted as B, is the maximum allowable error between the estimate and the population parameter µ. The smaller the value of B, the greater the sample size required.
Information
- Description
- Professional Designation QU1 (Module 5: Sampling distributions and estimation) Flashcards on Module 5, created by jbbacik on 26/02/2015.
- Created by
- jbbacik
- Views
- 0
- Rating