EXST 2201 FINAL 2.2-4.1 LATEST
VERSION GRADED A+
What is the purpose of a confidence interval in statistics?
A confidence interval provides a range of values within which the true population parameter
is likely to fall, offering a measure of uncertainty around a sample estimate.
How is t...
EXST 2201 FINAL 2.2-4.1 LATEST
VERSION GRADED A+
What is the purpose of a confidence interval in statistics?
✔✔A confidence interval provides a range of values within which the true population parameter
is likely to fall, offering a measure of uncertainty around a sample estimate.
How is the margin of error related to confidence intervals?
✔✔The margin of error indicates the maximum expected difference between the sample statistic
and the actual population parameter, affecting the width of the confidence interval.
What does a 95% confidence level signify?
✔✔A 95% confidence level means that if the same sampling process were repeated multiple
times, approximately 95% of the calculated confidence intervals would contain the true
population parameter.
What is the central limit theorem?
✔✔The central limit theorem states that as the sample size increases, the distribution of the
sample means will approach a normal distribution, regardless of the population's shape.
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,What is the difference between a parameter and a statistic?
✔✔A parameter is a numerical value that describes a characteristic of a population, while a
statistic is a numerical value that describes a characteristic of a sample.
How is hypothesis testing used in statistics?
✔✔Hypothesis testing is a method used to determine whether there is enough evidence to reject
a null hypothesis in favor of an alternative hypothesis based on sample data.
What are the steps involved in hypothesis testing?
✔✔The steps include stating the null and alternative hypotheses, selecting a significance level,
calculating the test statistic, determining the p-value, and making a conclusion based on the
results.
What is a Type I error in hypothesis testing?
✔✔A Type I error occurs when the null hypothesis is incorrectly rejected when it is actually
true, leading to a false positive result.
What is a Type II error?
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,✔✔A Type II error occurs when the null hypothesis is not rejected when it is false, resulting in a
false negative outcome.
How can sample size affect hypothesis testing outcomes?
✔✔Larger sample sizes generally lead to more accurate estimates, greater statistical power, and
a reduced likelihood of Type II errors, allowing for better detection of true effects.
What is the role of the p-value in hypothesis testing?
✔✔The p-value indicates the probability of obtaining the observed results, or more extreme
results, if the null hypothesis is true; a low p-value suggests that the null hypothesis may be
rejected.
What is the significance of using a two-tailed test?
✔✔A two-tailed test evaluates both directions of the effect, allowing for the detection of
significant differences in either direction, while a one-tailed test only considers one direction.
How is a t-test different from a z-test?
✔✔A t-test is used when the sample size is small or the population standard deviation is
unknown, while a z-test is used for larger samples with known population parameters.
3
, What are the assumptions of the t-test?
✔✔The assumptions include that the data is normally distributed, the samples are independent,
and the variances of the two groups are equal (for the independent t-test).
What is ANOVA and when is it used?
✔✔ANOVA (Analysis of Variance) is used to compare the means of three or more groups to
determine if at least one group mean is significantly different from the others.
How does post hoc analysis relate to ANOVA?
✔✔Post hoc analysis is conducted after ANOVA to determine which specific group means are
different when the overall ANOVA indicates significant differences.
What is the purpose of regression analysis?
✔✔Regression analysis is used to examine the relationship between one dependent variable and
one or more independent variables, helping to predict outcomes and assess trends.
What are the key components of a regression equation?
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