What is the formula for the standard error of the sample proportion?
The standard error of the sample proportion is calculated using the formula: SE_p = sqrt((p * (1 – p)) / n), where p is the population proportion and n is the sample size.
How does sample size affect the standard error of the sample proportion?
Larger sample sizes reduce the standard error, making the sample proportion a more precise estimator of the population proportion.
When would the standard error be at its maximum for a given sample size?
The standard error is maximized when p = 0.5, regardless of the sample size.
Can you explain what an unbiased estimator means in this context?
An unbiased estimator means that the long-run average of the sample proportions from many samples will equal the true population proportion.
How do I interpret a small standard error for the sample proportion?
A small standard error indicates that the sample proportion is likely to be close to the true population proportion, suggesting greater precision in the estimate.