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Vocabulary flashcards covering core formulas and concepts in sampling theory, error calculation, and demographic analysis.
Absolute Error Formula (Δ)
The magnitude of the difference between an observed or estimated value and the baseline or true value, expressed as Δ=∣x−x0∣.
Relative Error Formula (δ)
The ratio of the absolute error to the baseline or true value, expressed as a percentage: δ=xΔ×100%.
Standard Error of the Mean (μ)
The standard deviation of the sample mean distribution, calculated from population standard deviation σ and sample size n as μ=nσ.
Margin of Sampling Error (Δ)
The maximum expected difference between the sample estimate and the true population parameter, given by Δ=t⋅μ, where t is the confidence coefficient.
Confidence Interval for the Mean
The interval estimate within which the true population mean is expected to fall, constructed as [xˉ−Δ;xˉ+Δ].
Standard Error of a Proportion (μw)
The sampling error for an attribute proportion w in a sample of size n, calculated as μw=nw⋅(1−w).
Required Sample Size Formula (n)
The formula used to determine the necessary sample size for estimating a mean: n=Δ2t2⋅σ2.
Sampling Fraction (f)
The ratio of the sample size n to the total population size N, calculated as f=Nn.
Finite Population Correction Factor
The correction multiplier applied to sampling error when sampling without replacement from a finite population, given as (1−Nn).
Critical Value for 0.954 Probability
The confidence coefficient t=2, which corresponds to a normal distribution probability of approximately 0.954 (95.4%).
Confidence Probability for Critical Value t=3
The probability coverage of 0.997 (99.7%) associated with a critical value multiplier of t=3 in a normal distribution.
Response Rate
The proportion of targeted sample units that successfully provide data in a survey (e.g., 680 respondents out of an 800-unit sample yields an 85% response rate).
Non-response Rate
The proportion of targeted sample units that fail or refuse to provide data (e.g., 120 non-respondents out of an 800-unit sample yields a 15% non-response rate).
Demographic Balance Equation
The formula determining population size at the end of a period: Send=Sstart+Births−Deaths+Immigration−Emigration.