Differentiate parameters and estimates (statistics)
Name of sampling method
What does estimate equal to?
Estimate = Parameter + Bias + Chance error or
Estimate = Parameter + Non-sampling error + Sampling error
What is box model used to quantify?
Box model is used to quantify the likely size of CE os estimated proportion from sample modeling.
SE measures variability across different samples.
How does sampling with and without replacement affect accuracy of SE?
Why does SE in sample surveys needs to multiply by the correction factor?
Sample surveys are sampling without replacement, so the SE cannot be determined solely on the size of the sample.
SE (w/out) = sqrt((N-n)/(N-1)) * SE(w/t)
Explain bootstrapping
Bootstrapping is to estimate properties of the population by using those of the known sample
What is confidence interval?
Each sampling will give a different value to the estimate we are looking for, so we need a range in which the true value of the population will lie with a high probability.
68% CI = sample proportion +/- 1SE
95% CI = sample proportion +/- 2SE
99.8% CI = sample proportion +/- 3SE