The process of estimating a population proportion is known as:
Estimating Parameters and Determining Sample Sizes 7-1

Quiz
•
Business
•
12th Grade
•
Medium
William Rodriguez
Used 2+ times
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25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
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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