UCF QMB 3200 Makeup Exam (Mod 2-
5) Questions With 100% Verified
Answers
A form of probability sampling; a random sampling technique in
which the researcher identifies particular demographic categories
of interest and then randomly selects individuals within each
category. -
correct answer ✅stratified random sampling
A numerical characteristic of a population, such as a population
mean μ, a population standard deviation σ, a population proportion
p, and so on. -
correct answer ✅Parameter
The population for which statistical inferences such as point
estimates are made. It is important for the target population to
correspond as closely as possible to the sampled population. -
correct answer ✅Target Population
The population from which the sample is taken. -
correct answer ✅Sampled Population
A probability distribution consisting of all possible values of a
sample statistic. -
correct answer ✅Sampling distribution
,UCF QMB 3200 Makeup Exam (Mod 2-
5) Questions With 100% Verified
Answers
A sample characteristic, such as a sample mean x¯, a sample
standard deviation s, a sample proportion p¯, and so on. -
correct answer ✅sampled statistic
Definition: The term (N-n)/(N-1) that is used in the formulas for σx¯
and σp¯ whenever a finite population, rather than an infinite
population, is being sampled. The generally accepted rule of thumb
is to ignore the finite population correction factor whenever
n/N≤.05. -
correct answer ✅finite population correction factor
A simple random sample of size n from a finite population of size N
is a sample selected such that each possible sample of size n has
the same probability of being selected. -
correct answer ✅simple random sampling
The standard deviation of a point estimator. -
correct answer ✅standard error
, UCF QMB 3200 Makeup Exam (Mod 2-
5) Questions With 100% Verified
Answers
The sample statistic, such as x¯, s, or p¯, that provides the point
estimate of the population parameter. -
correct answer ✅point estimator
A theorem that enables one to use the normal probability
distribution to approximate the sampling distribution of x¯
whenever the sample size is large. -
correct answer ✅Central Limit Theorem
A property of a point estimator that is present when the expected
value of the point estimator is equal to the population parameter it
estimates. -
correct answer ✅point estimate unbiased
Another name for an interval estimate. -
correct answer ✅confidence interval
The ± value added to and subtracted from a point estimate in order
to develop an interval estimate of a population parameter. -
correct answer ✅margin of error
5) Questions With 100% Verified
Answers
A form of probability sampling; a random sampling technique in
which the researcher identifies particular demographic categories
of interest and then randomly selects individuals within each
category. -
correct answer ✅stratified random sampling
A numerical characteristic of a population, such as a population
mean μ, a population standard deviation σ, a population proportion
p, and so on. -
correct answer ✅Parameter
The population for which statistical inferences such as point
estimates are made. It is important for the target population to
correspond as closely as possible to the sampled population. -
correct answer ✅Target Population
The population from which the sample is taken. -
correct answer ✅Sampled Population
A probability distribution consisting of all possible values of a
sample statistic. -
correct answer ✅Sampling distribution
,UCF QMB 3200 Makeup Exam (Mod 2-
5) Questions With 100% Verified
Answers
A sample characteristic, such as a sample mean x¯, a sample
standard deviation s, a sample proportion p¯, and so on. -
correct answer ✅sampled statistic
Definition: The term (N-n)/(N-1) that is used in the formulas for σx¯
and σp¯ whenever a finite population, rather than an infinite
population, is being sampled. The generally accepted rule of thumb
is to ignore the finite population correction factor whenever
n/N≤.05. -
correct answer ✅finite population correction factor
A simple random sample of size n from a finite population of size N
is a sample selected such that each possible sample of size n has
the same probability of being selected. -
correct answer ✅simple random sampling
The standard deviation of a point estimator. -
correct answer ✅standard error
, UCF QMB 3200 Makeup Exam (Mod 2-
5) Questions With 100% Verified
Answers
The sample statistic, such as x¯, s, or p¯, that provides the point
estimate of the population parameter. -
correct answer ✅point estimator
A theorem that enables one to use the normal probability
distribution to approximate the sampling distribution of x¯
whenever the sample size is large. -
correct answer ✅Central Limit Theorem
A property of a point estimator that is present when the expected
value of the point estimator is equal to the population parameter it
estimates. -
correct answer ✅point estimate unbiased
Another name for an interval estimate. -
correct answer ✅confidence interval
The ± value added to and subtracted from a point estimate in order
to develop an interval estimate of a population parameter. -
correct answer ✅margin of error
