Exam 13: Uncertainty of Numeric Estimates

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In a hypothesis test, a significance level of 0.05 was chosen. How would you interpret this value?

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The sample mean of a variable is found to be 35.7. The true population mean of that variable was known to be 40.2. What is the sampling error of the variable?

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Why does sampling from a population introduce uncertainty into the sample estimates?

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The sample mean of a variable is 137.6, and is reported with an associated p value of 0.001. How could this p value be interpreted as?

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Inferential statistics means reaching a conclusion about characteristics of a population based on sample data.

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A "point estimate" is a summary statistic, such as the mean or proportion, of the population.

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Describe the steps in developing a hypothesis test. Walk through these steps with an example.

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