Exam 10: Introduction to Estimation

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Draw a sampling distribution of an unbiased estimator for μ\mu .

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Suppose a 95% confidence interval for μ\mu turns out to be (1,000,2,100).What does it mean to be 95% confident?

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An interval estimator estimates the value of an unknown ____________________.

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College Dean A college dean would like to estimate a population mean to within 40 units with 99% confidence given that the population standard deviation is 200. -{College Dean Narrative} What sample size should be used if we wish to estimate the population mean to within 10 units?

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If the population values are very close to each other,the width of the confidence interval is ____________________ than if the population values are very far apart.

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An interval estimate is a range of values within which the actual value of the population parameter,such as μ\mu ,may fall.

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In developing an interval estimate for a population mean,the population standard deviation σ\sigma was assumed to be 10.The interval estimate was 50.92 ±\pm 2.14.Had σ\sigma equaled 20,the interval estimate would be

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If the bound on the error of estimation decreases,the sample size ____________________.

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An interval estimate is an estimate of the range for a sample statistic.

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An economist is interested in studying the spending habits of consumers in a particular region.The population standard deviation is known to be $1,000.A random sample of 50 individuals resulted in an average expense of $15,000.What is the width of the 99% confidence interval?

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Which of the following statements is false regarding the sample size needed to estimate a population mean?

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When estimating the population mean using a confidence interval,the sample mean is in the ____________________ of the interval.

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In this chapter you need four values to construct the confidence interval estimate of μ\mu .They are the sample mean,the sample size,the population standard deviation,and the confidence level.

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The sample variance s2 is an unbiased estimator of the population variance σ\sigma 2 when the denominator of s2 is

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The larger the confidence level used in constructing a confidence interval estimate of the population mean,the narrower the confidence interval.

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An unbiased estimator of a population parameter is defined as:

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A point estimator is defined as:

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Knowing that an estimator is unbiased only assures us that its expected value equals the parameter,but it does not tell us how close the estimator is to the parameter.

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If there are two unbiased estimators of a parameter,the one whose variance is smaller is said to be relatively efficient.

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College Dean A college dean would like to estimate a population mean to within 40 units with 99% confidence given that the population standard deviation is 200. -{College Dean Narrative} What sample size should be used if the standard deviation is changed to 50?

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