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Statistics
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Business Analytics Data Analysis
Exam 7: Sampling and Sampling Distributions
Path 4
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Question 1
Multiple Choice
The sampling method in which a population is divided into blocks and then selected by choosing a random mechanism is called a
Question 2
True/False
The standard error of an estimate is the standard deviation of the sampling distribution of the estimate.It measures how much estimates from different samples vary.
Question 3
Multiple Choice
The reason the Central Limit Theorem (CLT) is such an important result in statistics is because:
Question 4
True/False
An estimator is said to be unbiased if the mean of its sampling distribution equals the value of the population parameter being estimated.
Question 5
Multiple Choice
The sampling mean
X
ˉ
\bar { X }
X
ˉ
Is the estimate for the population mean
μ
\mu
μ
)
Question 6
Multiple Choice
Which of the following statements are correct?
Question 7
True/False
An unbiased estimate is a point estimate such that the mean of its sampling distribution is equal to the true value of the population parameter being estimated.
Question 8
Multiple Choice
The theorem that states that the sampling distribution of the sample mean
X
ˉ
\bar { X }
X
ˉ
Is approximately normal when the sample size n is reasonably large is known as the:
Question 9
Multiple Choice
The standard deviation of
X
ˉ
\bar { X }
X
ˉ
Is usually called the
Question 10
True/False
Simple random sampling can result in under-representation or over-representation of certain segments of the population.This is one of several reasons that simple random samples are almost never used in real applications.