Estimating Parameters and Determining Sample Sizes 7-1

Estimating Parameters and Determining Sample Sizes 7-1

12th Grade

25 Qs

quiz-placeholder

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Estimating Parameters and Determining Sample Sizes 7-1

Estimating Parameters and Determining Sample Sizes 7-1

Assessment

Quiz

Business

12th Grade

Medium

Created by

William Rodriguez

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

The process of estimating a population proportion is known as:

Sampling

Hypothesis Testing

Estimation

Regression Analysis

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

How do you estimate a population mean?

By using a sample mean

By using a sample median

By using a sample mode

By using a sample range

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

What methods are used for estimating a population standard deviation or variance?

Sample standard deviation

Population mean

Sample mean

Population variance

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Explain the concept of bootstrapping and how technology is used for estimates.

Bootstrapping is a statistical method that uses resampling to estimate the distribution of a statistic.

Bootstrapping is a method of starting a business with minimal resources.

Bootstrapping is a technique in computer science for optimizing algorithms.

Bootstrapping is a financial strategy for leveraging debt.

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

What is the best point estimate of the population proportion?

Sample mean

Sample proportion

Population mean

Population proportion

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

How can we use a sample proportion to construct a confidence interval estimate of the true value of a population proportion?

By using the sample proportion as an estimate and applying the standard error formula.

By calculating the mean of the sample and using it as the population proportion.

By using the sample proportion to determine the population mean.

By applying the sample proportion directly as the population proportion without adjustments.

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Why is it important to know how to find the sample size necessary to estimate a population proportion?

To ensure the sample accurately represents the population

To save time and resources

To avoid bias in data collection

To comply with statistical regulations

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