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Statistic vs parameter
SAMPLE statistic
POPULATION Parameter
p=parameter
p̂ (phat)= statistic
statistic or parameter is ANYTHING related to the sammple or population. Could be minimum, could be statistic, could be proportion, like anything
sampling variability
the fact that different random samples of the same size from the same population produce different values for a statistic
sampling distribution
distribution of values taken by the statistic in all possible samples of the same size from the same population
important to know
:D

Precise Meaning
Precise correlates to variability. If you are precise, your stuff is clustered. If you’re not precise, it’s spread out a bit more or SD is higher or something of the sort
When n increases, precision increases as well
Accuracy meaning
How close are sample statistics to the population parameter? That is accuracy
SD of sampling distribution of p hat
sqrt(p(1-p)/n)
10% condition
when n or sample size is no more than 10 percent of the population (n</= 0.10N)
Large Counts Condition/Normality Condition
np>/=10 AND n(1-p)>/=10.
When this is met, we can use a normal distribution to estimate the probability of an SRS in which phat lies in a specified interval of values.
mean of sampling distribution
MEan of sampling distribution = mew. like the mean they give you
Standard Deviation of sampling distribution of the sample mean
The standard deviation is the standard deviation they give you divided by sqrt n AS LONG AS the 10% condition is satisfied. n</=0.10N

Central Limit Theorem
when n is large, the sampling distribution of the sample mean is approximately normal (so like usually when n >/= 30).
What happens to sampling distributions of sample means as n increases?
The standard deviation/variability decreases, and the shape gets more and more normal.