What is a point estimate?

The best guess for the true difference in population means, calculated as xˉ1xˉ2\bar{x}_1 - \bar{x}_2.

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What is a point estimate?

The best guess for the true difference in population means, calculated as xˉ1xˉ2\bar{x}_1 - \bar{x}_2.

What is the margin of error?

The amount added and subtracted from the point estimate to create the confidence interval.

What is the Central Limit Theorem (CLT)?

If sample sizes are at least 30 (n ≥ 30), the sampling distributions will be approximately normal.

What is the 10% condition?

When sampling without replacement, the sample size should be less than 10% of the population size.

Define critical t-value (tt^*).

The value from the t-distribution used in calculating the margin of error, based on the confidence level and degrees of freedom.

Explain the importance of random sampling.

Random sampling ensures that the sample is representative of the population, reducing bias and allowing for valid inferences.

Explain the importance of random assignment in experiments.

Random assignment ensures that any observed differences between treatment groups are due to the treatment itself, rather than confounding variables.

Explain the meaning of a 95% confidence level.

If we were to take many samples and construct 95% confidence intervals, about 95% of those intervals would contain the true difference in population means.

How does sample size affect the width of a confidence interval?

Increasing the sample size decreases the width of the confidence interval, providing a more precise estimate of the population parameter.

What does it mean if a confidence interval for the difference of two means contains zero?

It suggests that there is no significant difference between the means of the two populations, as zero is a plausible value for the difference.

What is the formula for the point estimate of the difference of two means?

xˉ1xˉ2\bar{x}_1 - \bar{x}_2

What is the formula for the margin of error of the difference of two means?

t×s12n1+s22n2t^* \times \sqrt{\frac{s_1^2}{n_1} + \frac{s_2^2}{n_2}}

What is the general form of a confidence interval?

Point Estimate ± Margin of Error

How to calculate degrees of freedom for two-sample t-test (without calculator)?

Use a conservative estimate by taking the smaller of n11n_1 - 1 and n21n_2 - 1.

What is the formula for a confidence interval for the difference of two means?

(xˉ1xˉ2)±t×s12n1+s22n2(\bar{x}_1 - \bar{x}_2) \pm t^* \times \sqrt{\frac{s_1^2}{n_1} + \frac{s_2^2}{n_2}}