Point Estimate

Statistical Estimates & Hypothesis

Flashcard
•
Mathematics
•
9th - 12th Grade
•
Medium
Chong Fui Chin
Used 1+ times
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
A single value estimate of a parameter.
2.
FLASHCARD QUESTION
Front
Interval Estimate
Back
A range of values used to estimate a parameter.
3.
FLASHCARD QUESTION
Front
Confidence Interval
Back
A range of values derived from a data set that is likely to contain the value of an unknown population parameter.
4.
FLASHCARD QUESTION
Front
Statistical Estimation
Back
a process of using sample statistics to estimate the corresponding unknown population parameters.
5.
FLASHCARD QUESTION
Front
Confidence
Level
Back
Degree of certainty or probability that is associated with the interval estimate. Commonly used levels are 90%, 95% and 99%
6.
FLASHCARD QUESTION
Front
Hypothesis testing
Back
a statistical method used to determine if there is enough evidence in a sample data to draw conclusions about a population. It involves formulating two competing hypotheses, the null hypothesis (H0) and the alternative hypothesis (Ha), and then collecting data to assess the evidence.
7.
FLASHCARD QUESTION
Front
a null hypothesis
Back
is a statement that proposes there is no significant difference or effect between variables, essentially assuming "nothing is happening
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