Assigning Probabilities by Dividing the Number of Ways That an Event

question 83

True/False

Assigning probabilities by dividing the number of ways that an event can occur by the total number of possible outcomes in an experiment is called the relative frequency of occurrence method.

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Definitions:

Unbiased Estimator

A statistical estimator that, on average, accurately reflects the parameter it estimates, without systematic error.

Sampling Distribution

The likelihood distribution of a statistic derived from a random sample.

Biased Estimator

An estimator is considered biased if it consistently overestimates or underestimates the parameter it is estimating.

Confidence Level

The probability that a confidence interval contains the true population parameter, expressing the degree of certainty in estimation.