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Vocabulary flashcards for reviewing sampling distributions concepts.
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Parameter
A number that describes a characteristic of the population.
Statistic
A number that describes a characteristic of a sample.
Sampling Variability
The value of a statistic varies in repeated random sampling.
Sampling Distribution
The distribution of values taken by the statistic in all possible samples of the same size from the same population.
Bias
Concerns the center of the sampling distribution; an unbiased statistic has a mean of its sampling distribution equal to the true parameter value.
Variability
The spread of the sampling distribution; smaller for larger samples.
Population Distribution
The distribution of values of the variable among all individuals in the population.
Central Limit Theorem
As sample size increases, the distribution of sample means becomes approximately Normal, regardless of the population distribution shape.
Binomial Setting (BINS)
Conditions for a binomial setting: Binary (success/failure), Independent trials, Number of trials fixed, Same probability of success.
Binomial Distribution
The probability distribution of the count X of successes in a binomial setting. X~B(n,p)
Normal Approximation for Binomial Distributions
When n is large (np ≥ 10 and n(1 – p) ≥ 10), the binomial distribution of X is approximately Normal with mean np and standard deviation sqrt(np(1-p)).
Sample Proportion
The count of successes in the sample divided by the sample size: 𝑝𝑝̂ = X/n
Sampling Distribution of a Sample Proportion
For large n, 𝑝𝑝̂ has approximately a Normal distribution with mean p and standard deviation sqrt(p(1-p)/n).