Exam 10: Introduction to Estimation

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When constructing confidence interval for a parameter,we generally set the confidence level 1 - α\alpha close to 1 (usually between 0.90 and 0.99)because it is the probability that the interval includes the actual value of the population parameter.

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A point estimate consists of a single sample statistic that is used to estimate the true population parameter.

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The error of estimation is the ____________________ between an estimator and the parameter.

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The sample proportion P^\hat { P } is a consistent estimator of the population proportion p because it is unbiased and the variance of P^\hat { P } is p(1- p)/ n,which grows smaller as n grows larger.

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A 99% confidence interval estimate of the population mean μ\mu can be interpreted to mean:

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If the population standard deviation is guesstimated,and it turned out to be larger than you assumed,then the sample size you calculated is ____________________ than it needs to be.

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Suppose a sample size of 5 has mean 9.60.If the population variance is 5 and the population is normally distributed,the lower limit for a 92% confidence interval is 7.85.

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In determining the sample size n needed to estimate the population mean,n decreases as the desired width of the confidence interval decreases.

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The sample size needed to estimate a population mean to within 50 units was found to be 97.If the population standard deviation was 250,then the confidence level used was

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One can reduce the width of a confidence interval by taking a smaller sample size.

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Conference Rooms Rented A hotel chain wants to estimate the average number of conference rooms rented daily in each month.The population of conference rooms rented daily is assumed to be normally distributed for each with a standard deviation of 24 rooms. -{Conference Rooms Rented Narrative} During February,a sample of 25 days has a sample mean of 37 rooms.Use this information to calculate a 92% confidence interval for the population mean.

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The sample size needed to estimate a population mean to within 10 units was found to be 68.If the population standard deviation was 50,then the confidence level used was:

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Statisticians can control the ____________________ of a confidence interval by determining the sample size necessary to produce the desired results.

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A confidence interval is an interval estimate for which there is a specified degree of certainty that the actual value of the population parameter will fall within the interval.

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The sampling error for a confidence interval is also defined as the ____________________ of ____________________.

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The sample size needed to estimate a population mean within 2 units with a 95% confidence when the population standard deviation equals 8 is

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In the formula for a confidence interval for μ\mu ,1 - α\alpha is called the ____________________.

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Is the sample mean a consistent estimator of the population mean? Explain

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The larger the confidence level,the:

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The difference between the sample statistic and actual value of the population parameter is the confidence level of the estimate.

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