Prelims Flashcards

(30 cards)

1
Q

What is a population parameter?

A

A summary measure describing a characteristic of the population using population data.

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2
Q

What is a sample statistic?

A

A summary measure describing a characteristic of the sample using sample data.

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3
Q

What is the difference between a parameter and a statistic?

A

Parameter uses population data, statistic uses sample data.

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4
Q

What is a random experiment?

A

A process repeatable under similar conditions but with unpredictable outcomes.

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5
Q

What is a sample space?

A

The set of all possible outcomes of a random experiment.

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6
Q

What is an event?

A

A subset of the sample space.

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7
Q

What is the symbol for a sample space?

A

Ω

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8
Q

What are the two methods to specify a set?

A

Roster method and rule method.

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9
Q

What is SRSWOR?

A

Simple random sampling without replacement.

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10
Q

What is SRSWR?

A

Simple random sampling with replacement.

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11
Q

What is the probability of the sample space (sure event)?

A

1

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12
Q

What is the probability of the empty set (impossible event)?

A

0

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13
Q

What is the formula for classical probability?

A

P(A) = n(A) / n(Ω)

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14
Q

What does ‘mutually exclusive’ mean?

A

Events cannot happen at the same time.

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15
Q

What is the formula for the union of two events?

A

P(A ∪ B) = P(A) + P(B) - P(A ∩ B)

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16
Q

What is the formula for the complement of an event?

A

P(Aᶜ) = 1 - P(A)

17
Q

When are events independent?

A

If P(A ∩ B) = P(A) * P(B)

18
Q

What are the three approaches to assigning probability?

A

Classical, relative frequency, and subjective.

19
Q

What is a random variable?

A

A function that assigns a real number to each outcome in the sample space.

20
Q

What is the range of probability values?

21
Q

What is a discrete random variable?

A

A variable that can take a countable number of values.

22
Q

What is an example of a discrete random variable?

A

Number of heads in 3 coin tosses.

23
Q

What is a probability mass function (PMF)?

A

A function that gives the probability that a discrete random variable is exactly equal to some value.

24
Q

What is the total of all probabilities in a PMF?

25
What is the binomial distribution used for?
To model the number of successes in a fixed number of independent trials.
26
What is the formula for a binomial probability?
P(X = k) = C(n, k) * p^k * (1-p)^(n-k)
27
What are the conditions for a binomial experiment?
Fixed number of trials, independent, two outcomes, constant probability.
28
What is the normal distribution?
A continuous probability distribution that is symmetric and bell-shaped.
29
What are the key parameters of a normal distribution?
Mean (μ) and standard deviation (σ).
30
What does the empirical rule state?
68%-95%-99.7% of data falls within 1, 2, 3 standard deviations from the mean.