Statistics definitions

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Doesn't include sampling and large data set

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4 Terms

1
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What are the conditions under which the normal distribution may be used as an approximation to the binomial distribution?

The number of trials is large and probability of success is close to 0.5

2
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What does extrapolation mean?

Making predictions outside the original data range.

3
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What are the dangers of extrapolation?

It is unreliable as the trend may not continue outside of the original data range.

4
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What is the sampling distribution of sample means for X~N(μ,σ²)?

X̅~N(μ,σ²/n) where n is the sample size