According to Wikipedia point estimation involves the use of sample data to calculate a single value (known as a point estimate since it identifies a point in some parameter space) which is to serve as a "best guess" or "best estimate" of an unknown population parameter (for example, the population means).
According to Wikipedia point estimation involves the use of sample data to calculate a single value (known as a point estimate since it identifies a point in some parameter space) which is to serve as a "best guess" or "best estimate" of an unknown population parameter (for example, the population means).
We know that frequency distributions serve useful purposes but there are many situations that require other type of data summarizations. What we need in many instances is the ability to summarize the data by means of a single number called a descriptive measure. Descriptive measures may be computed from the data of a sample or the data of a population.
A Probability Distribution is a way to shape the sample data to make predictions and draw conclusions about an entire population. It refers to the frequency at which some events or experiments occur. It helps finding all the possible values a random variable can take between the minimum and maximum statistically possible values.
It is most useful for the students of BBA for the subject of "Data Analysis and Modeling"/
It has covered the content of chapter- Data regression Model
Visit for more on www.ramkumarshah.com.np/
Measure of dispersion has two types Absolute measure and Graphical measure. There are other different types in there.
In this slide the discussed points are:
1. Dispersion & it's types
2. Definition
3. Use
4. Merits
5. Demerits
6. Formula & math
7. Graph and pictures
8. Real life application.
We know that frequency distributions serve useful purposes but there are many situations that require other type of data summarizations. What we need in many instances is the ability to summarize the data by means of a single number called a descriptive measure. Descriptive measures may be computed from the data of a sample or the data of a population.
A Probability Distribution is a way to shape the sample data to make predictions and draw conclusions about an entire population. It refers to the frequency at which some events or experiments occur. It helps finding all the possible values a random variable can take between the minimum and maximum statistically possible values.
It is most useful for the students of BBA for the subject of "Data Analysis and Modeling"/
It has covered the content of chapter- Data regression Model
Visit for more on www.ramkumarshah.com.np/
Measure of dispersion has two types Absolute measure and Graphical measure. There are other different types in there.
In this slide the discussed points are:
1. Dispersion & it's types
2. Definition
3. Use
4. Merits
5. Demerits
6. Formula & math
7. Graph and pictures
8. Real life application.
The ppt gives an idea about basic concept of Estimation. point and interval. Properties of good estimate is also covered. Confidence interval for single means, difference between two means, proportion and difference of two proportion for different sample sizes are included along with case studies.
Confidence Intervals in the Life Sciences PresentationNamesS.docxmaxinesmith73660
Confidence Intervals in the Life Sciences Presentation
Names
Statistics for the Life Sciences STAT/167
Date
Fahad M. Gohar M.S.A.S
1
Conservation Biology of Bears
Normal Distribution
Standard normal distribution
Confidence Interval
Population Mean
Population Variance
Confidence Level
Point Estimate
Critical Value
Margin of Error
Welcome to the presentation on Confidence Intervals of Conservation Biology on Bears.
The team will define normal distribution and use an example of variables why this is important. A standard and normal distribution is discussed as well as the difference between standard and other normal distributions. Confidence interval will be defined and how it is used in Conservation Biology and Bears. We will learn how a confidence interval helps researchers estimate of population mean and population variance. The presenters defined a point estimate and try to explain how a point estimate found from a confidence interval. Confidence level is defined and a short explanation of confidence level is related to the confidence interval. Lastly, a critical value and margin of error are explained with examples from the Statdisk.
2
Normal Distribution
A normal distribution is one which has the mean, median, and mode are the same and the standard deviations are apart from the mean in the probabilities that go with the empirical rule. Not all data has the measures of central tendency, since some data sets may not have one unique value which occurs more than once. But every data set has a mean and median. The mean is only good with interval and ratio data, while the median can be used with interval, ratio and ordinal data. Mean is used when they're a lot of outliers, and median is used when there are few.
The normal distribution is continuous, and has only two parameters - mean and variance. The mean can be any positive number and variance can be any positive number (can't be negative - the mean and variance), so there are an infinite number of normal distributions. You want your data to represent the population distribution because when you make claims from the distribution of the sample you took, you want it to represent the whole entire population.
Some examples in the business world: Some industries which use normal distributions are pharmaceutical companies. They model the average blood pressure through normal distributions, and can make medicine which will help majority of the people with high blood pressure. A company can also model its average time to create something using the normal distribution. Several statistics can be calculated with the normal distribution, and hypothesis tests can be done with the normal distribution which models the average time.
Our chosen life science is BEARS. The age of the bears can be modeled by normal distributions and it is important to monitor since that tells us the average age of the bear, and can tell us a lot about the population. If the mean is high and the standard deviatio.
Census
Everyone in population
Eg. All Cambodian residents
Population
is a set of persons (or objects) having a common observable characteristic.
the entire collection of units about which we would like information
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Sample
is a representative subject (subgroup) of a population.
the collection of units we actually measure
Example:
If we want to know many persons in a community
have quit smoking or
have health insurance or
plan to vote for a certain candidate,
Statistical inference is the process by which we draw conclusions about a population from data collected on a sample.
In medical research
Population
All patients candidate for treatment
Sample
All patients candidate for treatment who volunteer for your study
Infer results from volunteers (sample) to other candidates for the same treatment (population).
We usually obtain information on an appropriate sample of the community and generalize from it to the entire population.
The way the sample is selected, not its size, determines whether we may draw appropriate inferences about a population.
The primary reason for selecting a sample from a population is to draw inferences about that population.
Statistical inference is the process by which we infer
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
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CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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The Influence of Marketing Strategy and Market Competition on Business Perfor...
Chapter 8
1. INTRODUCTORY STATISTICS
Chapter 8 Confidence Intervals
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
2. CHAPTER 8: CONFIDENCE
INTERVALS
8.1 A Single Population Mean using the Normal Distribution
8.2 A Single Population Mean using the Student t Distribution
8.3 A Population Proportion
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
3. CHAPTER OBJECTIVES
By the end of this chapter, the student should be able to:
• Calculate and interpret confidence intervals for estimating a
population mean and a population proportion.
• Interpret the Student's t probability distribution as the sample size
changes.
• Discriminate between problems applying the normal and the
Student's t distributions.
• Calculate the sample size required to estimate a population mean
and a population proportion given a desired confidence level and
margin of error.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
4. INTRODUCTION
We use sample data to make generalizations about an unknown
population. This part of statistics is called inferential statistics. The
sample data help us to make an estimate of a population
parameter.
• Suppose you were trying to determine the mean rent of a two-
bedroom apartment in your town. You might look in the classified
section of the newspaper, write down several rents listed, and
average them together. You would have obtained a point estimate
of the true mean.
• We realize that the point estimate is most likely not the exact value
of the population parameter, but close to it. After calculating point
estimates, we construct interval estimates, called confidence
intervals.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
5. POINT ESTIMATE
In this chapter, you will learn to construct and interpret confidence
intervals. You will also learn a new distribution, the Student's-t, and how it
is used with these intervals. Throughout the chapter, it is important to keep
in mind that the confidence interval is a random variable. It is the
population parameter that is fixed.
• If you worked in the marketing department of an entertainment
company, you might be interested in the mean number of songs a
consumer downloads a month from iTunes. If so, you could conduct a
survey and calculate the sample mean, x, and the sample standard
deviation, s. You would use x to estimate the population mean and s
to estimate the population standard deviation. The sample mean, x, is
the point estimate for the population mean, μ. The sample standard
deviation, s, is the point estimate for the population standard
deviation, σ.
• Each of x and s is called a statistic.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
6. CONFIDENCE INTERVAL EXAMPLE
A confidence interval is another type of estimate but, instead of being just one
number, it is an interval of numbers. The interval of numbers is a range of values
calculated from a given set of sample data. The confidence interval is likely to
include an unknown population parameter.
• Suppose, for the iTunes example, we do not know the population mean μ, but
we do know that the population standard deviation is σ = 1 and our sample
size is 100. Then, by the central limit theorem, the standard deviation for the
sample mean is
• The empirical rule, which applies to bell-shaped distributions, says that in
approximately 95% of the samples, the sample mean, x, will be within two
standard deviations of the population mean μ. For our iTunes example, two
standard deviations is (2)(0.1) = 0.2. The sample mean x is likely to be within
0.2 units of μ.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
7. ITUNES EXAMPLE CONTINUED
• Because x is within 0.2 units of μ, which is unknown, then μ is
likely to be within 0.2 units of x in 95% of the samples.
• The population mean μ is contained in an interval whose lower
number is calculated by taking the sample mean and subtracting
two standard deviations (2)(0.1) and whose upper number is
calculated by taking the sample mean and adding two standard
deviations. In other words, μ is between x − 0.2 and x + 0.2 in 95%
of all the samples.
• For the iTunes example, suppose that a sample produced a
sample mean x = 2 . Then the unknown population mean μ is
between
We say that we are 95% confident that the unknown population mean
number of songs downloaded from iTunes per month is between 1.8
and 2.2. The 95% confidence interval is (1.8, 2.2).
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
8. INTERPRETATION OF THE
CONFIDENCE INTERVAL
• The 95% confidence interval implies two possibilities. Either the
interval (1.8, 2.2) contains the true mean μ or our sample produced an
x that is not within 0.2 units of the true mean μ. The second possibility
happens for only 5% of all the samples (95–100%).
• Remember that a confidence interval is created for an unknown
population parameter like the population mean, μ.
Confidence intervals for some parameters have the form:
(point estimate – margin of error, point estimate + margin of error)
• The margin of error depends on the confidence level or percentage of
confidence and the standard error of the mean.
• When you read newspapers and journals, some reports will use the
phrase "margin of error." Other reports will not use that phrase, but
include a confidence interval as the point estimate plus or minus the
margin of error. These are two ways of expressing the same concept.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
9. 8.1 A SINGLE POPULATION MEAN
USING THE NORMAL DISTRIBUTION
Calculating the Confidence Interval
To construct a confidence interval for a single unknown population mean
μ, where the population standard deviation is known, we need x as an
estimate for μ and we need the margin of error. Here, the margin of error
(EBM) is called the error bound for a population mean (abbreviated
EBM). The sample mean x is the point estimate of the unknown
population mean μ.
The confidence interval estimate will have the form:
(point estimate - error bound, point estimate + error bound) or, in symbols,
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
10. MARGIN OF ERROR AND
CONFIDENCE LEVEL
The margin of error (EBM) depends on the confidence level
(abbreviated CL). The confidence level is often considered the
probability that the calculated confidence interval estimate will contain
the true population parameter. However, it is more accurate to state
that the confidence level is the percent of confidence intervals that
contain the true population parameter when repeated samples are
taken. Most often, it is the choice of the person constructing the
confidence interval to choose a confidence level of 90% or higher
because that person wants to be reasonably certain of his or her
conclusions.
There is another probability called alpha (α). α is related to the
confidence level, CL. α is the probability that the interval does not
contain the unknown population parameter. Mathematically, α + CL = 1.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
11. CALCULATING THE CONFIDENCE
INTERVAL
To construct a confidence interval estimate for an unknown population
mean, we need data from a random sample. The steps to construct
and interpret the confidence interval are:
• Calculate the sample mean x from the sample data. Remember, in
this section we already know the population standard deviation σ.
• Find the z-score that corresponds to the confidence level.
• Calculate the error bound EBM.
• Construct the confidence interval.
• Write a sentence that interprets the estimate in the context of the
situation in the problem. (Explain what the confidence interval
means, in the words of the problem.)
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
12. FINDING THE Z-SCORE FOR THE
STATED CONFIDENCE LEVEL
When we know the population standard deviation σ, we use a standard
normal distribution to calculate the error bound EBM and construct the
confidence interval. We need to find the value of z that puts an area equal
to the confidence level (in decimal form) in the middle of the standard
normal distribution Z ~ N(0, 1).
• The confidence level, CL, is the area in the middle of the standard normal
distribution. CL = 1 – α, so α is the area that is split equally between the
two tails. Each of the tails contains an area equal to α/2
• The z-score that has an area to the right of α/2 is denoted by zα/2.
• For example, when CL = 0.95, α = 0.05 and α/2= 0.025; we write zα/2=
z0.025.
• The area to the right of z0.025 is 0.025 and the area to the left of z0.025 is 1 –
0.025 = 0.975.
• zα/2= z0.025 = 1.96, using a calculator, computer or a standard normal
probability table.
• Calculator: invNorm(0.975, 0, 1) = 1.96
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
13. CALCULATING THE ERROR
BOUND (EBM)
The error bound formula for an unknown population mean μ when the
population standard deviation σ is known is
Constructing the Confidence Interval
The confidence interval estimate has the format
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
14. EXAMPLE 8.2
Suppose scores on exams in statistics are normally distributed with an
unknown population mean and a population standard deviation of three
points. A random sample of 36 scores is taken and gives a sample
mean (sample mean score) of 68. Find a confidence interval estimate
for the population mean exam score (the mean score on all exams).
Find a 90% confidence interval for the true (population) mean of
statistics exam scores.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
15. Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
16. Interpretation
We estimate with 90% confidence that the true population mean exam score for all
statistics students is between 67.18 and 68.82.
Explanation of 90% Confidence Level
Ninety percent of all confidence intervals constructed in this way contain the true mean
statistics exam score. For example, if we constructed 100 of these confidence intervals,
we would expect 90 of them to contain the true population mean exam score.
Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
17. Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
18. CALCULATING THE SAMPLE SIZE
N
If researchers desire a specific margin of error, then they can use the error
bound formula to calculate the required sample size.
The error bound formula for a population mean when the population
standard deviation is known is
The formula for sample size is , found by solving the error
bound formula for n.
In this formula, z is zα/2, corresponding to the desired confidence level. A
researcher planning a study who wants a specified confidence level and
error bound can use this formula to calculate the size of the sample
needed for the study.
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20. 8.2 A SINGLE POPULATION MEAN
USING THE STUDENT T
DISTRIBUTION
In practice, we rarely know the population standard deviation. In the
past, when the sample size was large, this did not present a problem to
statisticians. They used the sample standard deviation s as an estimate for
σ and proceeded as before to calculate a confidence interval with close
enough results. However, statisticians ran into problems when the sample
size was small. A small sample size caused inaccuracies in the confidence
interval.
• William S. Goset (1876–1937) of the Guinness brewery in Dublin,
Ireland ran into this problem. His experiments with hops and barley
produced very few samples. Just replacing σ with s did not produce
accurate results when he tried to calculate a confidence interval. He
realized that he could not use a normal distribution for the calculation;
he found that the actual distribution depends on the sample size. This
problem led him to "discover" what is called the Student's t-
distribution. The name comes from the fact that Gosset wrote under
the pen name "Student.“
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21. STUDENT T DISTRIBUTION
• Up until the mid-1970s, some statisticians used the normal distribution
approximation for large sample sizes and only used the Student's t-distribution
only for sample sizes of at most 30. With graphing calculators and computers,
the practice now is to use the Student's t-distribution whenever s is used as an
estimate for σ.
• If you draw a simple random sample of size n from a population that has an
approximately a normal distribution with mean μ and unknown population
standard deviation σ and calculate the t-score
• then the t-scores follow a Student's t-distribution with n – 1 degrees of
freedom. The t-score has the same interpretation as the z-score. It measures
how far x is from its mean μ. For each sample size n, there is a different
Student's t-distribution.
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22. PROPERTIES OF THE STUDENT'S
T-DISTRIBUTION
• The graph for the Student's t-distribution is similar to the standard normal
curve.
• The mean for the Student's t-distribution is zero and the distribution is
symmetric about zero.
• The Student's t-distribution has more probability in its tails than the standard
normal distribution because the spread of the t-distribution is greater than the
spread of the standard normal. So the graph of the Student's t-distribution will
be thicker in the tails and shorter in the center than the graph of the standard
normal distribution.
• The exact shape of the Student's t-distribution depends on the degrees of
freedom. As the degrees of freedom increases, the graph of Student's t-
distribution becomes more like the graph of the standard normal distribution.
• The underlying population of individual observations is assumed to be
normally distributed with unknown population mean μ and unknown population
standard deviation σ. The size of the underlying population is generally not
relevant unless it is very small. If it is bell shaped (normal) then the assumption
is met and doesn't need discussion. Random sampling is assumed, but that is
a completely separate assumption from normality.
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23. Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
27. 8.3 | A POPULATION PROPORTION
Example
• During an election year, we see articles in the newspaper that state
confidence intervals in terms of proportions or percentages. For
example, a poll for a particular candidate running for president
might show that the candidate has 40% of the vote within three
percentage points (if the sample is large enough). Often, election
polls are calculated with 95% confidence, so, the pollsters would
be 95% confident that the true proportion of voters who favored the
candidate would be between 0.37 and 0.43: (0.40 – 0.03,0.40 +
0.03).
The procedure to find the confidence interval, the sample size, the
error bound, and the confidence level for a proportion is similar to
that for the population mean, but the formulas are different.
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28. POPULATION PROPORTION
PROBLEM
How do you know you are dealing with a proportion problem?
First, the underlying distribution is a binomial distribution. (There is
no mention of a mean or average.) If X is a binomial random variable,
then X ~ B(n, p) where n is the number of trials and p is the probability
of a success. To form a proportion, take X, the random variable for the
number of successes and divide it by n, the number of trials (or the
sample size). The random variable P′ (read "P prime") is that
proportion,
(Sometimes the random variable is denoted as , read "P hat".)
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29. FROM BINOMIAL TO NORMAL
When n is large and p is not close to zero or one, we can use the
normal distribution to approximate the binomial.
If we divide the random variable, the mean, and the standard deviation
by n, we get a normal distribution of proportions with P′, called the
estimated proportion, as the random variable. (Recall that a proportion
as the number of successes divided by n.)
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30. FROM BINOMIAL TO NORMAL
(CONTINUED)
Using algebra to simplify :
P′ follows a normal distribution for proportions:
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31. CONFIDENCE INTERVAL FOR
PROPORTIONS
The confidence interval has the form (p′ – EBP, p′ + EBP). EBP is error
bound for the proportion.
p′ = x/n
p′ = the estimated proportion of successes (p′ is a point estimate for
p, the true proportion.)
x = the number of successes
n = the size of the sample
The error bound for a proportion is
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32. CONFIDENCE INTERVAL FOR
PROPORTIONS
The confidence interval has the form (p′ – EBP, p′ + EBP). EBP is error
bound for the proportion.
p′ = x/n
p′ = the estimated proportion of successes (p′ is a point estimate for
p, the true proportion.)
x = the number of successes
n = the size of the sample
The error bound for a proportion is
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33. ERROR BOUND FORMULA AND
STANDARD DEVIATION
• This formula is similar to the error bound formula for a mean, except
that the "appropriate standard deviation" is different. For a mean,
when the population standard deviation is known, the appropriate
standard deviation that we use is
• For a proportion, the appropriate standard deviation is
• However, in the error bound formula, we use as the standard
deviation, instead of .
• In the error bound formula, the sample proportions p′ and q′ are
estimates of the unknown population proportions p and q. The
estimated proportions p′ and q′ are used because p and q are not
known. The sample proportions p′ and q′ are calculated from the data:
p′ is the estimated proportion of successes, and q′ is the estimated
proportion of failures.
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34. SUCCESS AND FAILURE
CONDITION
The confidence interval can be used only if the number of
successes np′ and the number of failures nq′ are both greater
than five.
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35. EXAMPLE 8.11
For a class project, a political science student at a large university
wants to estimate the percent of students who are registered voters.
He surveys 500 students and finds that 300 are registered voters.
Compute a 90% confidence interval for the true percent of students
who are registered voters, and interpret the confidence interval.
Solution 8.11
• The first solution is step-by-step (Solution A).
• The second solution uses a function of the TI-83, 83+, or 84
calculators (Solution B).
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36. Prepared by the College of Coastal Georgia for OpenStax Introductory Statistics
38. CALCULATING THE SAMPLE SIZE
N
If researchers desire a specific margin of error, then they can use the
error bound formula to calculate the required sample size.
• The error bound formula for a population proportion is
• Solving for n gives you an equation for the sample size.
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39. EXAMPLE 8.14
Suppose a mobile phone company wants to determine the current
percentage of customers aged 50+ who use text messaging on their
cell phones. How many customers aged 50+ should the company
survey in order to be 90% confident that the estimated (sample)
proportion is within three percentage points of the true population
proportion of customers aged 50+ who use text messaging on their cell
phones.
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