SP 225 Lecture 11 Confidence Intervals.

Slides:



Advertisements
Similar presentations
Healey Chapter 7 Estimation Procedures
Advertisements

Sampling: Final and Initial Sample Size Determination
1. Exams 2. Sampling Distributions 3. Estimation + Confidence Intervals.
Unit 7 Section 6.1.
ESTIMATION AND HYPOTHESIS TESTING
The Central Limit Theorem
Ch 6 Introduction to Formal Statistical Inference.
Chapter 7 Estimation Procedures. Chapter Outline  A Summary of the Computation of Confidence Intervals  Controlling the Width of Interval Estimates.
1 Business 90: Business Statistics Professor David Mease Sec 03, T R 7:30-8:45AM BBC 204 Lecture 21 = Start Chapter “Confidence Interval Estimation” (CIE)
Slide 4- 1 Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Active Learning Lecture Slides For use with Classroom Response.
Business Statistics - QBM117 Revising interval estimation.
Statistics Lecture 22. Last Day…completed 5.1 Today Parts of Section 5.3 and 5.4.
1 Confidence Intervals for Means. 2 When the sample size n< 30 case1-1. the underlying distribution is normal with known variance case1-2. the underlying.
QM-1/2011/Estimation Page 1 Quantitative Methods Estimation.
Chapter 7 Estimation: Single Population
© 2002 Thomson / South-Western Slide 8-1 Chapter 8 Estimation with Single Samples.
Estimation and Confidence Intervals Chapter 9 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Confidence Intervals (Chapter 8) Confidence Intervals for numerical data: –Standard deviation known –Standard deviation unknown Confidence Intervals for.
Basic Business Statistics, 11e © 2009 Prentice-Hall, Inc. Chap 8-1 Confidence Interval Estimation.
Estimates and Sample Sizes Lecture – 7.4
Chapter 8 Confidence Intervals Statistics for Business (ENV) 1.
Ch 6 Introduction to Formal Statistical Inference
Active Learning Lecture Slides For use with Classroom Response Systems Statistical Inference: Confidence Intervals.
Chapter 7 Estimation Procedures. Basic Logic  In estimation procedures, statistics calculated from random samples are used to estimate the value of population.
Estimation (Point Estimation)
Copyright © 2012 by Nelson Education Limited. Chapter 6 Estimation Procedures 6-1.
Topic 6 - Confidence intervals based on a single sample Sampling distribution of the sample mean - pages Sampling distribution of the.
Determination of Sample Size: A Review of Statistical Theory
Economics 173 Business Statistics Lecture 3 Fall, 2001 Professor J. Petry
Section 7-3 Estimating a Population Mean: σ Known.
Chapter 7 Estimation Procedures. Basic Logic  In estimation procedures, statistics calculated from random samples are used to estimate the value of population.
Confidence Interval Estimation For statistical inference in decision making: Chapter 9.
9-1 ESTIMATION Session Factors Affecting Confidence Interval Estimates The factors that determine the width of a confidence interval are: 1.The.
Chapter 9 – Statistical Estimation Statistical estimation involves estimating a population parameter with a sample statistic. Two types of estimation:
Lecture 13 Dustin Lueker. 2  Inferential statistical methods provide predictions about characteristics of a population, based on information in a sample.
© 2001 Prentice-Hall, Inc.Chap 8-1 BA 201 Lecture 12 Confidence Interval Estimation.
Chapter 9: Means and Proportions as Random Variables 9.1 Understanding dissimilarity among samples 9.2 Sampling distributions for sample proportions 9.3.
Dr.Theingi Community Medicine
Lesson 7 Confidence Intervals: The basics. Recall is the mean of the sample and s is the standard deviation of the sample. Where μ is the mean of the.
MATH Section 7.2.
Active Learning Lecture Slides For use with Classroom Response Systems
Estimation and Confidence Intervals
Statistics Chapter 7: Inferences Based on a Single Sample: Estimation with Confidence Interval.
ESTIMATION.
Normal Distribution and Parameter Estimation
Point and interval estimations of parameters of the normally up-diffused sign. Concept of statistical evaluation.
Introduction to Estimating Population Means
Chapter 6 Confidence Intervals.
Inference: Conclusion with Confidence
Estimation Procedures
Statistics Chapter 7: Inferences Based on a Single Sample: Estimation with Confidence Interval.
ANATOMY OF A CONFIDENCE INTERVAL FOR m WHERE n 30
Elementary Statistics: Picturing The World
Sampling Distribution
Sampling Distribution
Chapter 6 Confidence Intervals.
Confidence Intervals Chapter 10 Section 1.
Chapter 6 Confidence Intervals.
Estimating the Value of a Parameter Using Confidence Intervals
CHAPTER 8 Estimating with Confidence
IE 355: Quality and Applied Statistics I Confidence Intervals
Determining Which Method to use
Estimates and Sample Sizes Lecture – 7.4
STA 291 Spring 2008 Lecture 13 Dustin Lueker.
Chapter 6 Confidence Intervals.
Chapter 6 Confidence Intervals.
STA 291 Spring 2008 Lecture 15 Dustin Lueker.
STA 291 Spring 2008 Lecture 14 Dustin Lueker.
How Confident Are You?.
Presentation transcript:

SP 225 Lecture 11 Confidence Intervals

Three Separate Distributions Sample distribution Empirical and known Intended to help learn about the population Population distribution Empirical and unknown Properties estimated using statistics Sampling distribution Theoretical or non-empirical Properties well-known and based on probabilities

Example Problem A researcher has gathered information from a population with an average of 2.3 people and a standard deviation of 0.35. If the researcher collects samples of 100 households, what proportion of samples will have a mean less that 2.25?

Confidence Interval Mathematical statement that says that the parameter lies within a certain range of values 95% confident that the mean length of employment at XYZ automotive is between 8 and 12 years

Probability Distribution for Population Mean 95% confident that the mean length of employment at XYZ automotive is between 8 and 12 years (sample)

Confidence Interval Example A random sample of 100 television programs contained an average of 2.37 acts of physical violence per program. The standard deviation of the number of acts of violence on television in the population is 3. At the 99% level, what is your estimate of the mean number of acts of violence for all television programs?

Confidence Interval Formula

Confidence Interval Estimate

Confidence Interval Example 2 A researcher has gathered information from a random sample of 178 households. The households averaged 6.0 hours of television viewing per day with a standard deviation in the sample of 3.0 hours. Construct a 90% confidence interval for the hours of television watched per day in the population.

Alpha Percent of confidence intervals that DO NOT contain the population mean over the long run Probability this confidence interval DOES NOT contain the population mean Width of confidence interval Complement of confidence level

Efficiency Extent to which the confidence interval clusters around the mean Width of the confidence interval Determined by population standard deviation and sample size

Confidence Intervals in SPSS Give a 95% confidence interval for the number of children in an American family using GSS data.

In-Class 7.7 a & b