STATISTICS AND
PROBABILITY
MODULE 4: LENGTH OF CONFIDENCE INTERVAL
STATISTICS AND PROBABILITY
◦Probability And Statistics are the two important
concepts in Maths. Probability is all about
chance. Whereas statistics is more about how we
handle various data using different techniques. It
helps to represent complicated data in a very
easy and understandable way.
DELETE!
◦ Before we understand the confidence Interval, let us first
understand what do we mean by “Estimate“. Everyone makes
some kinds of estimates at some point of time in their life. Imagine
that you are crossing the road, and you see the car that is
approaching you fast and now you can estimate the speed of that
same car that is approaching you. Based on this estimate you can
make your decision if you to wait, walk or run. This is
called Estimate.
Question!
◦ How do you understand confidence level and sample size?
◦ The larger your sample, the more sure you can be that their answers truly reflect the population. This
indicates that for a given confidence level, the larger your sample size, the smaller your confidence interval.
◦ .
LENGTH OF CONFIDENCE
INTERVAL
◦CONFIDENCE INTERVAL- In statistics, this refers to the
probability that a Population parameter will fall between a set
of values for a certain proportion of times. Confidence
intervals measure the degree of uncertainty or certainty in a
sampling method. They can take any number of probability
limits, with the most common being a 95% or 99%
confidence level.
CONFIDENCE INTERVAL
NARROWNESS OF THE INTERVAL
◦This pertains to a small width in
relation to the length of the
confidence interval.
EXAMPLE
FORMULA
Where: LCI = |UCL – LCL| = |LCL – UCL|
Or
LCI = UCL – LCL
LCI – length of confidence interval
UCL – upper confidence limit
LCL – lower confidence limit
EXAMPLE
◦Example 1. Find the length of the confidence
interval 0. 275<p<0.360
◦Example 2. Find the length of the confidence
interval upper confidence limit = 0.805 lower
confidence limit = 0.526
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STATISTICS AND
PROBABILITY
APPROPRIATE SAMPLE SIZE
EXAMPLE
EXAMPLE
LEARN THE ABOUT STATISTICS AND PROBABILITY
LEARN THE ABOUT STATISTICS AND PROBABILITY
LEARN THE ABOUT STATISTICS AND PROBABILITY
LEARN THE ABOUT STATISTICS AND PROBABILITY

LEARN THE ABOUT STATISTICS AND PROBABILITY

  • 1.
    STATISTICS AND PROBABILITY MODULE 4:LENGTH OF CONFIDENCE INTERVAL
  • 2.
    STATISTICS AND PROBABILITY ◦ProbabilityAnd Statistics are the two important concepts in Maths. Probability is all about chance. Whereas statistics is more about how we handle various data using different techniques. It helps to represent complicated data in a very easy and understandable way.
  • 3.
    DELETE! ◦ Before weunderstand the confidence Interval, let us first understand what do we mean by “Estimate“. Everyone makes some kinds of estimates at some point of time in their life. Imagine that you are crossing the road, and you see the car that is approaching you fast and now you can estimate the speed of that same car that is approaching you. Based on this estimate you can make your decision if you to wait, walk or run. This is called Estimate.
  • 4.
    Question! ◦ How doyou understand confidence level and sample size? ◦ The larger your sample, the more sure you can be that their answers truly reflect the population. This indicates that for a given confidence level, the larger your sample size, the smaller your confidence interval. ◦ .
  • 5.
    LENGTH OF CONFIDENCE INTERVAL ◦CONFIDENCEINTERVAL- In statistics, this refers to the probability that a Population parameter will fall between a set of values for a certain proportion of times. Confidence intervals measure the degree of uncertainty or certainty in a sampling method. They can take any number of probability limits, with the most common being a 95% or 99% confidence level.
  • 6.
  • 7.
    NARROWNESS OF THEINTERVAL ◦This pertains to a small width in relation to the length of the confidence interval.
  • 8.
  • 9.
    FORMULA Where: LCI =|UCL – LCL| = |LCL – UCL| Or LCI = UCL – LCL LCI – length of confidence interval UCL – upper confidence limit LCL – lower confidence limit
  • 10.
    EXAMPLE ◦Example 1. Findthe length of the confidence interval 0. 275<p<0.360 ◦Example 2. Find the length of the confidence interval upper confidence limit = 0.805 lower confidence limit = 0.526
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