Question

In: Statistics and Probability

Whats the difference between describing a sample and making an inference about a population parameter?

Whats the difference between describing a sample and making an inference about a population parameter?

Solutions

Expert Solution

Statistical inference involves generalizing from sample data to the wider population from which the sample was drawn. Inferences are made by calculating the probability that, given the size of the sample, chance alone might have accounted for a given observation.

Statistical inference is based on the laws of probability, and allows analysts to infer conclusions about a given population based on results observed through random sampling. Two of the key terms in statistical inference are parameter and statistic:

A parameter is a number describing a population, such as a percentage or proportion.

A statistic is a number which may be computed from the data observed in a random sample without requiring the use of any unknown parameters, such as a sample mean.


Related Solutions

1) what is the difference between sample estimate and population parameter? if the sample mean of...
1) what is the difference between sample estimate and population parameter? if the sample mean of GRE test scores distribution was 90 and variance equivelent to 225 what can you say about the population distribution? 2) if the mean score of class of 20 students in Marketing is 80 and variance is 256. calculate the coefficient of variation and provide an interpretation of the results.
Whats the differencd between a statistic and a parameter
Whats the differencd between a statistic and a parameter
Question 3: a. In making an inference about a population, it is usually desirable to make...
Question 3: a. In making an inference about a population, it is usually desirable to make a/an __________ estimate. sample standard average interval b. If housing starts are always stronger in the spring and summer than during the fall and winter. This is a result of what type of data pattern? Cyclical Irregular Seasonal Trend c. For the forecasting process, where would the model selection step fall in the process? After specifying the objectives and before determining what to forecast....
Differentiate between a population and a sample, and a parameter and a statistic. In your explanation,...
Differentiate between a population and a sample, and a parameter and a statistic. In your explanation, apply the concepts of descriptive and inferential statistics. Provide specific examples to illustrate each. Discuss why the ability to differentiate these terms is critically important when interpreting research findings related to public health.
Identify if population parament or sample statistic: Is statement population parameter or sample statistic? If, parameter,...
Identify if population parament or sample statistic: Is statement population parameter or sample statistic? If, parameter, then identify population and parameter. If sample, then, what is population, sample, and statistic? A) North Carolina State’s rugby team scored an average of 29.8 points per game in the 2015 season. B) Based on a new poll of 5000 citizens, they believe that 89% of voters plan to cast their ballot for Mayor Green in the upcoming election. C) A calculating fanatic conducts...
Describe sampling error, making use of the following terms: sample, population, parameter, statistic.
Describe sampling error, making use of the following terms: sample, population, parameter, statistic.
After reviewing data from a sample, an inference can be made about the population. Find a...
After reviewing data from a sample, an inference can be made about the population. Find a data set on the internet. Some suggested search terms: Free Data Sets, Medical Data Sets, Education Data Sets. A. Introduce your Data Set and Cite the Source. B. What trends do you notice in your data set? C. Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to...
What is statistical inference? A) a way to infer conclusions about the wider population from sample...
What is statistical inference? A) a way to infer conclusions about the wider population from sample data B) using facts about a sample to estimate the truth about the whole population C) a way to describe the uncertainty and variability inherent in all statistical information D) all of the above
After reviewing data from a sample, an inference can be made about the population. For example,...
After reviewing data from a sample, an inference can be made about the population. For example, Find a data set on the internet. Some suggested search terms: Free Data Sets, Medical Data Sets, Education Data Sets. Introduce your Data Set and Cite the Source. What trends do you notice in your data set? Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to complete?...
After reviewing data from a sample, an inference can be made about the population. For example,...
After reviewing data from a sample, an inference can be made about the population. For example, Find a data set on the internet. Some suggested search terms: Free Data Sets, Medical Data Sets, Education Data Sets. Based on the trends and the history of your data set, make a claim. What kind of test (left, right, two tailed) would you have to complete? Show work
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT