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Statistics
[object Object],[object Object],[object Object],200 students apply for university of manitoba.  Most of them have been to the U of M but 25% of them had not been there at all.
First of all we have to know that: Mean = N * P Standard Deviation =  N * P * (1 – P) N means the number of trials,  P means the probability of success of the trial, and (1 – P) means the probability of failure of the trial. So in our question, N = 200 because there are 200 people but here we represent them as trials.  We have a probability of 25% so that would be our P. So now that we have our variables: N = 200 P = .25
Here’s the mean: Mean = N * P 200 * .25 = = 50 So our mean is 50. Here’s the Standard Deviation: S.D =  N * P * (1 – P) (200 * .25) * (1 - .25) = = 5.3
Now we can construct a 95% confidence interval.  How do we find it? First of all we have to know that the 95% confidence interval is the probability that a data value falls within 1.96 standard deviations of the mean.  This is how it looks like: To find it we use : M+1.96(S.D)
So we have the mean of 50 and the standard deviation of 5.3.  If we plug that in to our data we get: M+1.96(S.D) 50 + 1.96 (5.3) =60 M-1.96(S.D) 50 – 1.96 (5.3) =40 So our 95% confidence interval is between 20% and 60%. Now we need to find the percentage error =40/200 *100% =20% =60/200*100% =60
To find the percent margin of error we need to know: S.D/N * 100% So we quickly look back for our answers from before and we get: 5.3/200 * 100% =.0265(100) = 2.65% is our percent margin of error

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Statistics

  • 2.
  • 3. First of all we have to know that: Mean = N * P Standard Deviation = N * P * (1 – P) N means the number of trials, P means the probability of success of the trial, and (1 – P) means the probability of failure of the trial. So in our question, N = 200 because there are 200 people but here we represent them as trials. We have a probability of 25% so that would be our P. So now that we have our variables: N = 200 P = .25
  • 4. Here’s the mean: Mean = N * P 200 * .25 = = 50 So our mean is 50. Here’s the Standard Deviation: S.D = N * P * (1 – P) (200 * .25) * (1 - .25) = = 5.3
  • 5. Now we can construct a 95% confidence interval. How do we find it? First of all we have to know that the 95% confidence interval is the probability that a data value falls within 1.96 standard deviations of the mean. This is how it looks like: To find it we use : M+1.96(S.D)
  • 6. So we have the mean of 50 and the standard deviation of 5.3. If we plug that in to our data we get: M+1.96(S.D) 50 + 1.96 (5.3) =60 M-1.96(S.D) 50 – 1.96 (5.3) =40 So our 95% confidence interval is between 20% and 60%. Now we need to find the percentage error =40/200 *100% =20% =60/200*100% =60
  • 7. To find the percent margin of error we need to know: S.D/N * 100% So we quickly look back for our answers from before and we get: 5.3/200 * 100% =.0265(100) = 2.65% is our percent margin of error