DSCI Interference

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7 Terms

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point estimate

a single number calculated from a random sample that estimates an unknown population parameter of interest

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population

the entire set of entities/objects of interest

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random sampling

selecting a subset of observations from a population where each observation is equally likely to be selected at any point during the selection process

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representative sampling

selecting a subset of observations from a population where the sample's characteristics are a good representation of the population's characteristics

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population parameter

a numerical summary value about the population

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sample

a collection of observations from a population

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observation

a quantity or a quality (or set of these) we collect from a given entity/object