1) What are Type I and Type II errors?
2) Why do we use pˆ (p-hat) in place of p when doing confidence intervals but use p0 (‘p naught’) in
place of p when doing hypothesis tests?
3) What are the two criteria used to choose the best estimator for a population parameter?
4) Suppose you have calculated a confidence interval for a single mean with alpha equal to 0.05, and the
interval ranges from 5 and 10. Describe in a single sentence what the confidence interval is indicating.
5) Why is it safe to approximate the proportion p (or pˆ if you prefer) with 0.5 when calculating the
necessary sample size to achieve a desired confidence interval width?
1)
Type 1 error is probability of rejecting a true null hypothesis .
Type 2 error is probability of acceptance of a false null hypothesis.
2)
p_hat is used to show the estimated value of p.
p is the actual value . p is unknown ,so we estimate the value of p and denote it by p_hat.
p0 is the given value of p to be compared with.
Clearly, p is the population proportion
p_hat is sampple proportion.
3)
Unbiasedness
Consistency and Efficiency
These are the criteria.
4)
Population mean lies between 0 to 5
5)
For p=.5 , conservative margin of error will be okay.
If p far from .5 resulting interval will be be wider than needed.
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