Exam 12: Using Basic Descriptive Analysis, performing Population Estimates, and Testing Hypotheses

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Values that are computed from information provided by a sample are referred to as the sample's parameter.

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Data gathering is defined as the process of describing a dataset by computing a small number of statistics that characterize various aspects of the data.

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The logic of hypothesis testing is that if we assume that the hypothesized value is the population parameter,then,at the 95 percent level of confidence,if we took 100 separate samples,the z value for 95 of those samples would fall between ±1.96.

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Inference is a form of logic in which you make a general statement about an entire class based on what you have observed about a small set of members of that class.

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The ________ is the arithmetic average of a set of numbers.

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Suppose we wish to test the hypothesis that an internship program allows its interns to earn $2,750 per semester and let us assume that this hypothesis is,in fact,true.Which of the following best illustrates the logic of hypothesis testing at the 95% confidence level?

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A 99 percent confidence interval allows us to say that if we took many samples from the population:

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________ is the process of using sample information to compute an interval that describes the range of a parameter such as a population mean or the population percentage.

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________ is a statistical procedure used to accept or reject the hypothesis based on sample evidence.

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A parameter estimation is a statistical procedure used to accept or reject the hypothesis based on sample evidence.

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Statistical concepts such as correlation and cross-tabulation are forms of ________ analysis.

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In parameter estimation,a value such as the population mean is estimated based on a sample's mean and its size.

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When reporting scale data to clients,which of the following descriptive measures should be absolutely included in a standard metric variable table?

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Measures of variability are concerned with depicting the typical difference between the values in a set of values.

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The ________ holds that our actual sample is one of the many theoretical samples comprising the assumed bell-shaped curve of possible sample results using the hypothesized value as the center of the bell-shaped distribution.

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The standard error will increase if sample size is increased.

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Parameter estimation is used to compare the sample statistic with what is believed to be the population value prior to undertaking the study.

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A(n)________ is a tabulation of the number of times that each different value appears in a particular set of values.

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Values that are computed from a complete census,which are considered to be precise and valid measures of the population,are referred to as parameters.

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Statistical concepts such as t tests of differences and analysis of variance are forms of ________ analysis.

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