100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Chapter 7 Summary Statistics and data science 188 R80,00   Add to cart

Summary

Chapter 7 Summary Statistics and data science 188

 49 views  3 purchases

This is a detailed summary of chapter 7 and includes notes from the textbook, ppts and onyx

Preview 2 out of 5  pages

  • January 19, 2023
  • 5
  • 2021/2022
  • Summary
All documents for this subject (13)
avatar-seller
meganvdberg86
Statistics and data science 188 Sampling Distributions
Chapter 7
Introduction

In this chapter the following will be covered:
▪ The concept of the sampling distribution.
▪ To calculate probabilities related to the sample mean and the sample
proportion.
▪ The importance of the Central Limit Theorem.



Sampling Distributions
- Distribution of all possible values of a sample statistic
- Sampling distribution of the mean
▪ Usually normally distributed
- Sampling distribution of the proportion


Sampling distributions of the mean
• The sampling distribution of the mean is the distribution of all possiblesample means calculated
from all possible samples of a given size.
-
-
Developing a Sampling Distribution
- Sample with replacement
- This distribution of sample-means should be normally distributed

, Summary Measures of a Sample Distribution




Population distribution vs sample mean distribution
- Unbiased if:
- Means are equal
- The standard deviation is likely to differ
- Even if the data is unbiased




Standard error of the mean
- Different samples of the same size
- From the same population
▪ Will yield different sample means
- Standard Error decreases as sample size increases


When the population is normal:
When organising and visualising data one needs to be mindful of:
- mean = ¿ and standard deviation = Ã
- The sampling distribution of X-bar is also normally distributedwith:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller meganvdberg86. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R80,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R80,00  3x  sold
  • (0)
  Buy now