Statistics LT 5B

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Last updated 12:11 AM on 1/18/23
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7 Terms

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Population Parameter
A value that describes a characteristics of a population or model
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Sample Statistic
A value that describes a characteristic of a sample
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Sampling Variability
the idea that the value of a statistic will vary from one sample to the next
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Sampling distribution of a statistic
the distribution of values taken by the statistic in all possible samples
of the same size from the same population; Sampling distributions may be approximated by:


1. repeated computer simulations or hands-on simulations
2. a theoretical sampling distribution derived from the rules of probability
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Unbiased estimator
A statistic which has a sampling distribution equal to the value of the parameter being estimated
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Random Sampling Methods
produce unbiased estimators.

When using an unbiased estimator, we’re equally likely to get a sample that overestimates the parameter as one that underestimates the parameter.
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Variability of a statistic
the spread of its
sampling distribution. (precision)

* Larger random samples have less variability than smaller random samples.
* Larger random samples have the same amount of bias as smaller random samples.

The best sampling methods have low bias and low variability.