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ReadingNotes Chapter07 Stats

The document summarizes key concepts about confidence intervals for means and proportions from Chapter 7: 1) Confidence intervals for a mean contain 95% of all possible sample means and provide a range of values that has a 95% chance of containing the true population mean. 2) Confidence intervals for a proportion give the range of values that would contain the true population proportion 95% of the time based on sample data. 3) The precision of confidence intervals depends on factors like the population standard deviation, confidence level, and sample size - larger sample sizes result in narrower intervals with more precision.

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Katherine Sauer
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114 views3 pages

ReadingNotes Chapter07 Stats

The document summarizes key concepts about confidence intervals for means and proportions from Chapter 7: 1) Confidence intervals for a mean contain 95% of all possible sample means and provide a range of values that has a 95% chance of containing the true population mean. 2) Confidence intervals for a proportion give the range of values that would contain the true population proportion 95% of the time based on sample data. 3) The precision of confidence intervals depends on factors like the population standard deviation, confidence level, and sample size - larger sample sizes result in narrower intervals with more precision.

Uploaded by

Katherine Sauer
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Reading Notes

Economics Dr. Sauer

Chapter 7: Confidence Intervals for Means and Proportions 7.1 Confidence Intervals for the Mean The interval that contains 95% of the sample means is denoted by _____________ or _____________. An interval estimate will contain if the sample mean is one of the 95% of _______ within the interval __________________. An interval estimate will NOT contain if the sample mean is ___________________ the interval . (If the sample mean is in the ____________ of the distribution.) Each one of the 95% of sample means that fall within a distance of _____________ from will result in an interval ______________ that contains the population mean _________________ within the interval. To construct a confidence interval for any level of confidence:

Copy Chart 7.1 here for reference.

7.2 Confidence Intervals for Proportions The confidence interval for a proportion is given by:

Copy chart 7.2 here for reference.

7.3 The precision of Confidence Intervals for the mean The size of the margin of error is determined by: The effect of the population standard deviation on the margin of error is:

The effect of the level of confidence on the margin of error is: The effect of the sample size on the margin of error is:

To calculate the sample size that will result in a confidence interval of a specified precision:

7.4 Confidence Intervals for differences between means and proportions The distribution for The standard error for ~N( is ) is: is: ) with unknown variance that is estimated is: 2 ) where ____________________________.

The confidence interval for ( The sample standard error for The confidence interval for (

The sample standard error for p1 p2 is:

The confidence interval for

is:

Interpreting confidence intervals for differences between means or proportions If the confidence interval for the difference is given by Case 1: then

Case 2:

Case 3:

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