INFERENCE ABOUT MEANS Chapter 23. CLT!! If our data come from a simple random sample (SRS) and the sample size is sufficiently large, then we know the.

Slides:



Advertisements
Similar presentations
Statistics for Business and Economics
Advertisements

Confidence Intervals with Means Chapter 9. What is the purpose of a confidence interval? To estimate an unknown population parameter.
Confidence Intervals Chapter 7. Rate your confidence Guess my mom’s age within 10 years? –within 5 years? –within 1 year? Shooting a basketball.
Confidence Intervals Chapter 10. Rate your confidence Name my age within 10 years? 0 within 5 years? 0 within 1 year? 0 Shooting a basketball.
Estimating a Population Proportion
Estimating the Population Mean Assumptions 1.The sample is a simple random sample 2.The value of the population standard deviation (σ) is known 3.Either.
Business Statistics: A Decision-Making Approach, 6e © 2005 Prentice-Hall, Inc. Chap 7-1 Introduction to Statistics: Chapter 8 Estimation.
Chapter Topics Confidence Interval Estimation for the Mean (s Known)
Fall 2006 – Fundamentals of Business Statistics 1 Business Statistics: A Decision-Making Approach 6 th Edition Chapter 7 Estimating Population Values.
AP Statistics Section 10.2 A CI for Population Mean When is Unknown.
AP Statistics Section 12.1 A. Now that we have looked at the principles of testing claims, we proceed to practice. We begin by dropping the unrealistic.
AP Statistics: Chapter 23
BPS - 5th Ed. Chapter 171 Inference about a Population Mean.
Chapter 11: Inference for Distributions
Chapter 7 Estimating Population Values
5-3 Inference on the Means of Two Populations, Variances Unknown
Confidence Intervals Chapter 10. Rate your confidence Name my age within 10 years? within 5 years? within 1 year? Shooting a basketball at a wading.
Confidence Intervals for the Mean (σ Unknown) (Small Samples)
CHAPTER 23 Inference for Means.
Confidence Interval Estimation
Inference about means. Central Limit Theorem X 1,X 2,…,X n independent identically distributed random variables with mean μ and variance σ 2, then as.
+ DO NOW What conditions do you need to check before constructing a confidence interval for the population proportion? (hint: there are three)
Econ 3790: Business and Economics Statistics Instructor: Yogesh Uppal
+ The Practice of Statistics, 4 th edition – For AP* STARNES, YATES, MOORE Chapter 9: Testing a Claim Section 9.3a Tests About a Population Mean.
Albert Morlan Caitrin Carroll Savannah Andrews Richard Saney.
Confidence Intervals Review
Student’s t-distributions. Student’s t-Model: Family of distributions similar to the Normal model but changes based on degrees-of- freedom. Degrees-of-freedom.
BPS - 5th Ed. Chapter 171 Inference about a Population Mean.
OA Cancelled due to technical difficulties… OA Cancelled due to technical difficulties… Tonight’s HW is A2: 541(11b = PANIC and 11d) We will start using.
CHAPTER 18: Inference about a Population Mean
When σ is Unknown The One – Sample Interval For a Population Mean Target Goal: I can construct and interpret a CI for a population mean when σ is unknown.
For 95 out of 100 (large) samples, the interval will contain the true population mean. But we don’t know  ?!
+ The Practice of Statistics, 4 th edition – For AP* STARNES, YATES, MOORE Chapter 8: Estimating with Confidence Section 8.2 Estimating a Population Proportion.
CHAPTER 11 DAY 1. Assumptions for Inference About a Mean  Our data are a simple random sample (SRS) of size n from the population.  Observations from.
Section 8.3 Estimating a Population Mean. Section 8.3 Estimating a Population Mean After this section, you should be able to… CONSTRUCT and INTERPRET.
Chapter 23 Inference for One- Sample Means. Steps for doing a confidence interval: 1)State the parameter 2)Conditions 1) The sample should be chosen randomly.
Confidence Intervals For a Sample Mean. Point Estimate singleUse a single statistic based on sample data to estimate a population parameter Simplest approach.
Essential Statistics Chapter 161 Inference about a Population Mean.
Confidence Intervals. Rate your confidence Name my age within 10 years? within 5 years? within 1 year? Shooting a basketball at a wading pool,
Confidence Intervals for the Mean (Small Samples) 1 Larson/Farber 4th ed.
Chap 7-1 A Course In Business Statistics, 4th © 2006 Prentice-Hall, Inc. A Course In Business Statistics 4 th Edition Chapter 7 Estimating Population Values.
Confidence Intervals with Means. Rate your confidence Name my age within 10 years? Name my age within 10 years? within 5 years? within 5 years?
+ The Practice of Statistics, 4 th edition – For AP* STARNES, YATES, MOORE Unit 5: Estimating with Confidence Section 11.1 Estimating a Population Mean.
Lecture PowerPoint Slides Basic Practice of Statistics 7 th Edition.
Business Statistics: A Decision-Making Approach, 6e © 2005 Prentice-Hall, Inc. Chap 7-1 Business Statistics: A Decision-Making Approach 6 th Edition Chapter.
Point Estimates point estimate A point estimate is a single number determined from a sample that is used to estimate the corresponding population parameter.
Confidence Intervals for a Population Mean, Standard Deviation Unknown.
AP Statistics.  If our data comes from a simple random sample (SRS) and the sample size is sufficiently large, then we know that the sampling distribution.
Statistics: Unlocking the Power of Data Lock 5 Section 6.4 Distribution of a Sample Mean.
Copyright © 2015, 2012, and 2009 Pearson Education, Inc. 1 Section 6.2 Confidence Intervals for the Mean (  Unknown)
Chapter 23 The t-distribution, Confidence Intervals, and Significance Testing for Quantitative Data.
+ The Practice of Statistics, 4 th edition – For AP* STARNES, YATES, MOORE Chapter 8: Estimating with Confidence Section 8.2 Estimating a Population Proportion.
+ Unit 5: Estimating with Confidence Section 8.3 Estimating a Population Mean.
+ Z-Interval for µ So, the formula for a Confidence Interval for a population mean is To be honest, σ is never known. So, this formula isn’t used very.
Inference about the mean of a population of measurements (  ) is based on the standardized value of the sample mean (Xbar). The standardization involves.
AP Statistics Chapter 24 Notes “Comparing Two Sample Means”
Chapter 6 Test Review z area ararea ea
In your groups, go through all four steps of a confidence interval: The “Country Taste” bread making company wants to estimate the actual weight of their.
Section 6.2 Confidence Intervals for the Mean (Small Samples) © 2012 Pearson Education, Inc. All rights reserved. 1 of 83.
Confidence Intervals with Means Chapter 9. What is the purpose of a confidence interval? To estimate an unknown population parameter.
Statistics 23 Inference About Means. Getting Started Now that we know how to create confidence intervals and test hypotheses about proportions, it’d be.
Chapter 8 Confidence Intervals Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
CHAPTER 8 Estimating with Confidence
CHAPTER 8 Estimating with Confidence
Inference for the Mean of a Population
Chapter 6 Confidence Intervals.
Section 2: Estimating with Small Samples
Chapter 6 Confidence Intervals.
Chapter 23 Inference About Means.
Elementary Statistics: Picturing The World
Presentation transcript:

INFERENCE ABOUT MEANS Chapter 23

CLT!! If our data come from a simple random sample (SRS) and the sample size is sufficiently large, then we know the sampling distribution of the sample means is approximately normal with mean µ and standard deviation.

Problem If σ is unknown, then we cannot calculate the standard deviation for the sampling model.  We must estimate the value of σ in order to use the methods of inference that we have learned.

Solution We will use s (the standard deviation of the sample) to estimate σ. Then the standard error of the sample mean is In order to standardize, we subtract its mean and divide by the standard deviation. __________has the normal distribution N(0,1).

Problem If we replace σ with s, then the statistic has more variation and no longer has a normal distribution so we cannot call it z. It has a new distribution called the t distribution. t is the standard value. Like z, t tells us how many standardized units is from the mean µ. When we describe a t-distribution we must identify its degrees of freedom because there is a different statistic for each sample size. The degrees of freedom for the one-sample t statistic is n – 1.

The t distribution is symmetric about zero and is bell-shaped, but there is more variation so the spread is greater.

As the degrees of freedom increase, the t distribution gets closer to the Normal distribution, since s gets closer to σ. We can construct a confidence interval using the t distribution in the same way we constructed confidence intervals for the z distribution. Remember, the t Table uses the area to the right of t*.

One sample t procedures are exactly correct only when the population is Normal. It must be reasonable to assume that the population is approximately normal in order to justify the use of t procedures.

When to use t procedures: If the sample size is less than 15, only use t procedures if the data are close to Normal. If the sample size is at least 15 but less than 40 only use t procedures if the data is unimodal and reasonably symmetric. If the sample size is at least 40, you may use t procedures, even if the data is skewed.

Example A coffee vending machine dispenses coffee into a paper cup. You’re supposed to get 10 ounces of coffee, but the amount varies slightly from cup to cup. Here are the amounts measured in a random sample of 20 cups. Is there evidence that the machine is shortchanging the customer?

PHANTOMS!!

Example 2 A company has set a goal of developing a battery that lasts five hours (300 minutes) in continuous use. In a first test of these batteries, the following lifespans (in minutes) were measured: 321, 295, 332, 351, 311, 253, 270, 326, 311, and 288. Find a 90% confidence interval for the mean lifespan of this type of battery.

PANIC!!!

If we wish to conduct another trial, how many batteries must we test to be 95% sure of estimating the mean lifespan to within 15 minutes?

To within 5 minutes?