Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 7 Sampling and Sampling Distributions.

Slides:



Advertisements
Similar presentations
Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 1 An Introduction to Business Statistics.
Advertisements

Statistics for Managers Using Microsoft® Excel 5th Edition
McGraw-Hill Ryerson Copyright © 2011 McGraw-Hill Ryerson Limited. Adapted by Peter Au, George Brown College.
©The McGraw-Hill Companies, Inc. 2008McGraw-Hill/Irwin Sampling Methods and the Central Limit Theorem Chapter 8.
Chapter 10: Sampling and Sampling Distributions
Chapter 7 Introduction to Sampling Distributions
1 1 Slide 2009 University of Minnesota-Duluth, Econ-2030(Dr. Tadesse) Chapter 7, Part B Sampling and Sampling Distributions Other Sampling Methods Other.
Chapter 7 Sampling Distributions
Chapter Six Sampling Distributions McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved.
Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 2000 LIND MASON MARCHAL 1-1 Chapter Seven Sampling Methods and Sampling Distributions GOALS When you.
Statistical Inference and Sampling Introduction to Business Statistics, 5e Kvanli/Guynes/Pavur (c)2000 South-Western College Publishing.
Sampling and Sampling Distributions: Part 2 Sample size and the sampling distribution of Sampling distribution of Sampling methods.
Basic Business Statistics, 10e © 2006 Prentice-Hall, Inc.. Chap 7-1 Chapter 7 Sampling Distributions Basic Business Statistics 10 th Edition.
QMS 6351 Statistics and Research Methods Chapter 7 Sampling and Sampling Distributions Prof. Vera Adamchik.
The Excel NORMDIST Function Computes the cumulative probability to the value X Business Statistics: A First Course, 5e © 2009 Prentice-Hall, Inc
McGraw-Hill-Ryerson © The McGraw-Hill Companies, Inc., 2004 All Rights Reserved. 7-1 Chapter 7 Chapter 7 Created by Bethany Stubbe and Stephan Kogitz.
7-1 Copyright ©2011 Pearson Education, Inc. publishing as Prentice Hall Chapter 7 Sampling and Sampling Distributions Statistics for Managers using Microsoft.
© Copyright McGraw-Hill CHAPTER 6 The Normal Distribution.
1 1 Slide © 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole.
McGraw-Hill/Irwin McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
1 1 Slide © 2009 Thomson South-Western. All Rights Reserved Slides by JOHN LOUCKS St. Edward’s University.
1 1 Slide © 2005 Thomson/South-Western Slides Prepared by JOHN S. LOUCKS St. Edward’s University Slides Prepared by JOHN S. LOUCKS St. Edward’s University.
Sampling: Theory and Methods
Chapter 7 Sampling and Sampling Distributions Sampling Distribution of Sampling Distribution of Introduction to Sampling Distributions Introduction to.
Chapter 7 Sampling Distribution
McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1 An Introduction to Business Statistics.
McGraw-Hill/IrwinCopyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved. Chapter 7 Sampling Distributions.
McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6 Sampling Distributions.
1 1 Slide Chapter 7 (b) – Point Estimation and Sampling Distributions Point estimation is a form of statistical inference. Point estimation is a form of.
Chap 20-1 Statistics for Business and Economics, 6e © 2007 Pearson Education, Inc. Chapter 20 Sampling: Additional Topics in Sampling Statistics for Business.
© 2003 Prentice-Hall, Inc.Chap 7-1 Basic Business Statistics (9 th Edition) Chapter 7 Sampling Distributions.
1 1 Slide IS 310 – Business Statistics IS 310 Business Statistics CSU Long Beach.
Copyright ©2011 Pearson Education 7-1 Chapter 7 Sampling and Sampling Distributions Statistics for Managers using Microsoft Excel 6 th Global Edition.
Agricultural and Biological Statistics. Sampling and Sampling Distributions Chapter 5.
Sampling Methods and the Central Limit Theorem Chapter 08 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
Econ 3790: Business and Economics Statistics Instructor: Yogesh Uppal
Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 7 Sampling Distributions.
McGraw-Hill/IrwinCopyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved. Chapter 7 Sampling Distributions.
Sampling Methods. Probability Sampling Techniques Simple Random Sampling Cluster Sampling Stratified Sampling Systematic Sampling Copyright © 2012 Pearson.
7.1Sampling Methods 7.2Introduction to Sampling Distribution 7.0 Sampling and Sampling Distribution.
Statistics Workshop Tutorial 5 Sampling Distribution The Central Limit Theorem.
8- 1 Chapter Eight McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved.
1 Chapter 7 Sampling Distributions. 2 Chapter Outline  Selecting A Sample  Point Estimation  Introduction to Sampling Distributions  Sampling Distribution.
Sampling Methods and Sampling Distributions
BUS216 Spring  Simple Random Sample  Systematic Random Sampling  Stratified Random Sampling  Cluster Sampling.
Chap 7-1 Basic Business Statistics (10 th Edition) Chapter 7 Sampling Distributions.
1 1 Slide STATISTICS FOR BUSINESS AND ECONOMICS Seventh Edition AndersonSweeneyWilliams Slides Prepared by John Loucks © 1999 ITP/South-Western College.
Chapter Eight McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved. Sampling Methods and the Central Limit Theorem.
Basic Business Statistics, 10e © 2006 Prentice-Hall, Inc.. Chap 7-1 Chapter 7 Sampling Distributions Basic Business Statistics.
Statistics for Managers Using Microsoft Excel, 5e © 2008 Pearson Prentice-Hall, Inc.Chap 7-1 Statistics for Managers Using Microsoft® Excel 5th Edition.
7: Sampling Theory and Methods. 7-2 Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved. Hair/Wolfinbarger/Ortinau/Bush, Essentials.
Basic Business Statistics, 11e © 2009 Prentice-Hall, Inc. Chap 7-1 Chapter 7 Sampling and Sampling Distributions Basic Business Statistics 11 th Edition.
McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Sampling Methods and the Central Limit Theorem Chapter 8.
Basic Business Statistics
Sec 6.3 Bluman, Chapter Review: Find the z values; the graph is symmetrical. Bluman, Chapter 63.
8- 1 Chapter Eight McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies, Inc., All Rights Reserved.
Chapter 7 Introduction to Sampling Distributions Business Statistics: QMIS 220, by Dr. M. Zainal.
Sampling Methods and the Central Limit Theorem Chapter 8 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 8 Sampling Methods and the Central Limit Theorem.
Sampling Methods and the Central Limit Theorem Chapter 08 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
Sampling and Sampling Distributions
Introduction to Sampling Distributions
Sampling Distributions
Sampling Evan Mandell Geog 3000.
Slides by JOHN LOUCKS St. Edward’s University.
Chapter 7 Sampling Distributions
Sampling Methods and the Central Limit Theorem
Chapter 7 – Statistical Inference and Sampling
Presentation transcript:

Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 7 Sampling and Sampling Distributions

7-2 Sampling Distributions 7.1Random Sampling 7.2The Sampling Distribution of the Sample Mean 7.3The Sampling Distribution of the Sample Proportion 7.4Stratified Random, Cluster, and Systematic Sampling (Optional) 7.5More about Surveys and Errors in Survey Sampling (Optional)

Random Sampling 1. If we select n elements from a population in such a way that every set of n elements in the population has the same chance of being selected, the then elements we select are said to be a random sample 2. In order to select a random sample of n elements from a population, we make n random selections from the population On each random selection, we give every element remaining in the population for that selection the same chance of being chosen LO 1: Explain the concept of random sampling and select a random sample.

7-4 With or Without Replacement We can sample with or without replacement With replacement, we place the element chosen on any particular selection back into the population We give this element a chance to be chosen on any succeeding selection Without replacement, we do not place the element chosen on a particular selection back into the population We do not give this element a chance to be chosen on any succeeding selection It is best to sample without replacement LO1

Sampling Distribution of the Sample Mean The sampling distribution of the sample mean  is the probability distribution of the population of the sample means obtainable from all possible samples of size n from a population of size N LO 2: Describe and use the sampling distribution of the sample mean.

7-6 Some Notes In many situations, the distribution of the population of all possible sample means looks roughly like a normal curve If the population is normally distributed, then for any sample size n the population of all possible sample means is also normally distributed The mean, μ , of the population of all possible sample means is equal to μ The standard deviation, σ , of the population of all possible sample means is less than σ LO2

7-7 General Conclusions If the population of individual items is normal, then the population of all sample means is also normal Even if the population of individual items is not normal, there are circumstances when the population of all sample means is normal (Central Limit Theorem) LO2

7-8 General Conclusions Continued The mean of all possible sample means equals the population mean That is,  =   The standard deviation   of all sample means is less than the standard deviation of the population That is,   <  Each sample mean averages out the high and the low measurements, and so are closer to  than many of the individual population measurements LO2

7-9 Central Limit Theorem Now consider a non-normal population Still have:   =  and   =  /  n Exactly correct if infinite population Approximately correct if population size N finite but much larger than sample size n But if population is non-normal, what is the shape of the sampling distribution of the sample mean? The sampling distribution is approximately normal if the sample is large enough, even if the population is non-normal (Central Limit Theorem) LO 3: Explain and use the Central Limit Theorem.

7-10 The Central Limit Theorem Continued No matter the probability distribution that describes the population, if the sample size n is large enough, the population of all possible sample means is approximately normal with mean   =  and standard deviation   =  /  n Further, the larger the sample size n, the closer the sampling distribution of the sample mean is to being normal In other words, the larger n, the better the approximation LO3

Sampling Distribution of the Sample Proportion The probability distribution of all possible sample proportions is the sampling distribution of the sample proportion If a random sample of size n is taken from a population then the sampling distribution of the sample proportion is Approximately normal, if n is large Has a mean that equals ρ Has standard deviation Where ρ is the population proportion and p ̂ is the sampled proportion LO 4: Describe and use the sampling distribution of the sample proportion.

Stratified Random, Cluster, and Systematic Sampling (Optional) Divide the population into non-overlapping groups (strata) of similar units Select a random sample from each stratum Combine the random samples to make full sample Appropriate when the population consists of two or more different groups so that: The groups differ from each other with respect to the variable of interest Units within a group are similar to each other Divide population into strata by age, gender, income LO 5: Describe the basic ideas of stratified random, cluster, and systematic sampling (optional).

7-13 Cluster Sampling “Cluster” or group a population into subpopulations Each cluster is a representative small-scale version of the population (i.e. heterogeneous group) A simple random sample is chosen from each cluster Combine the random samples from each cluster to make the full sample Appropriate for populations spread over a large geographic area so that… There are different sections or regions in the area with respect to the variable of interest A random sample of the cluster LO5

7-14 Systematic Sampling To systematically select n units without replacement from a frame of N units, divide N by n and round down to a whole number Randomly select one unit within the first N/n interval Select every N/n th unit after that LO5

More about Surveys and Errors in Survey Sampling (Optional) Dichotomous questions ask for a yes/no response Multiple choice questions give the respondent a list of of choices to select from Open-ended questions allow the respondent to answer in their own words LO 6: Describe basic types of survey questions, survey procedures, and sources of error.