Presentation is loading. Please wait.

Presentation is loading. Please wait.

Confidence Interval Proportions.

Similar presentations


Presentation on theme: "Confidence Interval Proportions."— Presentation transcript:

1 Confidence Interval Proportions

2 Remember Point estimate is different every time since it depends on the sample selected. In choosing a confidence interval, it is not a single point but rather an interval of reasonable values.

3 Confidence Interval Interval of reasonable values for the characteristic chosen with a degree of confidence. The value of the population characteristic will likely be between the upper and lower bounds.

4 Confidence Level This represents the success rate of the method used to construct the interval. If I repeat the process over & over, approximately this % of the intervals will contain the true parameter.

5 Remember – for sampling distributions of proportions….
It’s approximately normal if

6 So, if I want to be 95% confident that my interval contains the true proportion, how many deviations would I be from the mean proportion?

7 So what’s the critical z value that corresponds to a 98% confidence.

8 So what’s the formula for a Confidence Interval?

9 PANIC! P – Parameter (tell what we are estimating) A – Assumptions
N – Name the Formula I – Interval (calculate it) C - Conclusion

10 When 320 college students were surveyed, 125 said they own their car
When 320 college students were surveyed, 125 said they own their car. Construct a 90% confidence interval for the proportion of college students who own their car.

11 Explain what the 90% confidence level means.
If I repeat this process over & over, 90% of the intervals found will contain the true population proportion of households that own at least one gun.

12 A survey of 2450 golfers showed that 281 of them are left handed
A survey of 2450 golfers showed that 281 of them are left handed. Construct a 90% and 98% confidence level.

13 Homework Worksheet


Download ppt "Confidence Interval Proportions."

Similar presentations


Ads by Google