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Business Analytics Data Study Set 1
Quiz 7: Sampling and Sampling Distributions
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Question 21
True/False
The standard error of an estimate is the standard deviation of the sampling distribution of the estimate.It measures how much estimates from different samples vary.
Question 22
True/False
The standard error of the estimate measures how much estimates vary from sample to sample.
Question 23
True/False
Nontruthful responses is an example of a nonsampling error.
Question 24
True/False
An estimator is said to be biased if the mean of its sampling distribution is not equal to the value of the population parameter being estimated.
Question 25
True/False
The sampling distribution of the mean will have the same mean as the original population from which the samples were drawn.
Question 26
True/False
The size of a sample can be selected by first determining the desired standard error and then using the formula
to calculate n.
Question 27
True/False
The central limit theorem (CLT)states that the sampling distribution of the mean is approximately normal,no matter what the distribution of the population,as long as the sample size is large enough.
Question 28
True/False
A confidence interval is an interval calculated from the population data,where we strongly believe the true value of the population parameter lies.
Question 29
True/False
If the sample size is greater than 30,the Central Limit Theorem (CLT)will always guarantee that the sampling distribution of the sample mean is approximately normal.
Question 30
True/False
Voluntary response bias occurs when the responses to questions do not reflect what the investigator had in mind.
Question 31
True/False
An unbiased estimate is a point estimate such that the mean of its sampling distribution is equal to the true value of the population parameter being estimated.
Question 32
True/False
The sampling distribution of any point estimate (such as the sample mean or proportion)is the distribution of the point estimates we would obtain from all possible samples of a given size drawn from the population.
Question 33
Multiple Choice
A sample in which the sampling units are chosen from the population by means of a random mechanism is a _____ sample.
Question 34
True/False
The central limit theorem (CLT)says that as long as the sample size is reasonably large,there is about a 95% chance that the magnitude of the sampling error for the mean will be no more than two standard errors.