Define point estimate
A single value estimate of a population parameter (e.g sample mean/m)
Define interval estimate
A range of possible values of a population parameter (e.g confidence intervals)
Define confidence interval (CI)
An interval of values for a population parameter, together with a specified level of confidence that the parameter is in that range
What level of confidence do psychologists use?
95%
95% of z-scores are within how many SDs from the population mean?
1.96
For a sample size drawn at random from a normal distribution, where is the 95% confidence interval centred?
Centred on the sample mean, and goes from m-(1.96 x standard error) to m+(1.96 x standard error)