A range of plausible values for the true population parameter (e.g., slope).
1
2
3
4
5
6
7
8
9
10
11
12
Flip
Revise later
SpaceTo flip
If confident
All Flashcards
What is a confidence interval?
A range of plausible values for the true population parameter (e.g., slope).
What is the point estimate for the slope?
The slope of the line of best fit, denoted by b.
What is confidence level?
The percentage of confidence intervals that would contain the true parameter if we took many samples.
Define 'degrees of freedom' in the context of regression.
Degrees of freedom (df) = n - 2, where n is the sample size.
What is standard error of the slope?
A measure of the variability of the sample slope estimates around the true population slope.
What is the formula for a confidence interval for the slope?
b ยฑ t* (SE of b), where b is the sample slope, t* is the t-critical value, and SE of b is the standard error of the slope.
How do you calculate degrees of freedom (df) for a regression t-test?
df = n - 2, where n is the sample size.
Explain how sample size affects the width of a confidence interval.
As sample size increases, the width of the confidence interval decreases because a larger sample size reduces the standard error.
Explain how confidence level affects the width of a confidence interval.
As the confidence level increases, the width of the interval increases. A higher confidence level requires a wider interval to capture the true parameter with greater certainty.
Explain how to use a confidence interval to determine if there is a linear correlation.
If 0 is contained in the confidence interval, it is plausible that the true slope is 0, meaning there is no linear correlation. If 0 is not contained in the interval, there is evidence of a linear correlation.
Explain the meaning of a 95% confidence level.
If we created several random samples of the same size from the same population, 95% of the resulting confidence intervals would contain the true slope of the population regression model.
Explain the relationship between the sign of the confidence interval and the correlation.
If the entire confidence interval is positive, there is evidence of a positive correlation. If the entire confidence interval is negative, there is evidence of a negative correlation.