Sampling error
= I samples statistic - population parameter I
refers to the variation in sampling statistics that arise from chance alone
Point Esimator
a sample statistic that is used to estimate a population parameter
Sampling Distribution
the probability distribution of a sampling statistic
Standard Error
the standard deviation of a sampling distribution
Expected Value of the Sample Mean
= population mean
So the sample mean is a unbiased estimator of the population mean
“Show the Sampling Distribution”
Central Limit Theorem
the sampling distribution of any statistic will be normal if the sample size is large enough
Normality for the Sampling Distribution of the Mean
Must be normal to use the standard normal distribution (Z-Table)
Rule for Underlying Population Normality
Within +/- 3 time the standard error of skewness
Normality for the Sampling Distribution of the Proportion
n(p) ≥ 5 and (n)(1-p) ≥ 5
Must be normal to use the standard normal distribution (Z-Table)
Relationship between sample size and standard error of the mean
As sample size increases, standard error of the mean decreases
Expected Value of the Proportion
= population proportion
so the sample proportion is an unbiased estimator of the population proportion