confidence interval
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Confidence Interval. Proportions. 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. Confidence Interval. - PowerPoint PPT PresentationTRANSCRIPT
Confidence Interval
Proportions
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.
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.
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.
Remember – for sampling distributions of proportions….
It’s approximately normal if
pp
p
pq
n
5
5
np
nq
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?
So what’s the critical z value that corresponds to a 98% confidence.
So what’s the formula for a Confidence Interval?
PANIC!
P – Parameter (tell what we are estimating) A – Assumptions N – Name the Formula I – Interval (calculate it) C - Conclusion
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.
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.
A survey of 2450 golfers showed that 281 of them are left handed. Construct a 90% and 98% confidence level.
Homework
Worksheet