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Stats Midterm 2

QuestionAnswer
What is the law of large numbers? Sample mean approaches average with increased trials
What is central limit theorem? Increasing sample size approaches normal distribution
What is the advantage of transforming x into z-scores? Allows direct comparison
What is formula for standard error of the mean? σ / √n
What statistic is bias? Sample range
What is the expected mean? Equivalent to the population mean
What is the formula for the expected mean? E(M)
When calculating probability, what does "this score or that score" indicate? Add the two scores
When calculating probability, what does "this score and that score" indicate? Multiply the two scores
What is the first step in a z-test? State the hypothesis
What is the second step in a z-test? Set criteria for making a decision (draw the graph)
What is the third step in a z-test? Calculate the test statistic (write the equation)
What is the third step in a z-test? Make a decision (write your reject/retain statement)
What does p symbolize in live or die problems? Percentage of success
What does q symbolize in live or die problems? Percentage of failure
What is the formula for calculating standard deviation in a binomial? √npq
What is the formula for Z when given population parameters? Z=(X-μ)/σ
What is the formula for X when given population parameters? X=μ+σz
What is the formula for Z when given parameters and statistics? Z=(M-μ)/(σ /√n)
What are the four ways a distribution can be described? Central tendency (mean, median, mode), variability (variance, std, deviation), skewness, kurtosis
What percentage is within 1 standard deviation of a mean? 68.26%
What percentage is within 2 standard deviations of a mean? 95.44%
What is the answer format for percentile rank? PR(#) = %
What is the formula for probability of an event occurring? Number of outcomes that lead to event / total number of possible outcomes
What happens as the number of trials in a binomial distribution exceeds 10? Begins to resemble normal distribution
What happens as the number of trials in a binomial distribution is exceeds 30? It becomes a normal distribution
How do you calculate confidence intervals? μ+(-zcrit)(σ) < x < μ+(zcrit)(σ)
What is a type 1 error (alpha)? Null is true, reject null
What is a type 2 error (beta)? Null is false, retain null
What happens when null is true and the null is rejected? Type 1 error (alpha)
What happens when null is true and null is retained? Correct decision (1-alpha)
What happens when null is false and null is rejected? Correct decision (1-beta)
What happens when null is false and null is retained? Type 2 error (beta)
Created by: juangon
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