Making inferences from collected data involve two possible tasks:

Slides:



Advertisements
Similar presentations
Chapter 6 Sampling and Sampling Distributions
Advertisements

© 2011 Pearson Education, Inc
Sampling: Final and Initial Sample Size Determination
Topics: Inferential Statistics
Chapter 7 Sampling and Sampling Distributions
Fall 2006 – Fundamentals of Business Statistics 1 Chapter 6 Introduction to Sampling Distributions.
Part III: Inference Topic 6 Sampling and Sampling Distributions
1 Inference About a Population Variance Sometimes we are interested in making inference about the variability of processes. Examples: –Investors use variance.
“There are three types of lies: Lies, Damn Lies and Statistics” - Mark Twain.
Standard error of estimate & Confidence interval.
Estimation Goal: Use sample data to make predictions regarding unknown population parameters Point Estimate - Single value that is best guess of true parameter.
AM Recitation 2/10/11.
Chapter 11: Estimation Estimation Defined Confidence Levels
STA Lecture 161 STA 291 Lecture 16 Normal distributions: ( mean and SD ) use table or web page. The sampling distribution of and are both (approximately)
Topic 5 Statistical inference: point and interval estimate
QBM117 Business Statistics Estimating the population mean , when the population variance  2, is known.
1 Introduction to Estimation Chapter Concepts of Estimation The objective of estimation is to determine the value of a population parameter on the.
Population All members of a set which have a given characteristic. Population Data Data associated with a certain population. Population Parameter A measure.
Review: Two Main Uses of Statistics 1)Descriptive : To describe or summarize a collection of data points The data set in hand = all the data points of.
Lecture 14 Dustin Lueker. 2  Inferential statistical methods provide predictions about characteristics of a population, based on information in a sample.
Statistical Sampling & Analysis of Sample Data
The Logic of Sampling. Methods of Sampling Nonprobability samplesNonprobability samples –Used often in Qualitative Research Probability or random samplesProbability.
© 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Statistics - methodology for collecting, analyzing, interpreting and drawing conclusions from collected data Anastasia Kadina GM presentation 6/15/2015.
Confidence Intervals: The Basics BPS chapter 14 © 2006 W.H. Freeman and Company.
Determination of Sample Size: A Review of Statistical Theory
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.
Estimation Chapter 8. Estimating µ When σ Is Known.
Data Collection & Sampling Dr. Guerette. Gathering Data Three ways a researcher collects data: Three ways a researcher collects data: By asking questions.
Review Normal Distributions –Draw a picture. –Convert to standard normal (if necessary) –Use the binomial tables to look up the value. –In the case of.
Chapter 5 Sampling Distributions. The Concept of Sampling Distributions Parameter – numerical descriptive measure of a population. It is usually unknown.
POLS 7000X STATISTICS IN POLITICAL SCIENCE CLASS 5 BROOKLYN COLLEGE-CUNY SHANG E. HA Leon-Guerrero and Frankfort-Nachmias, Essentials of Statistics for.
1 Probability and Statistics Confidence Intervals.
Chapter 7 Introduction to Sampling Distributions Business Statistics: QMIS 220, by Dr. M. Zainal.
Topics Semester I Descriptive statistics Time series Semester II Sampling Statistical Inference: Estimation, Hypothesis testing Relationships, casual models.
ESTIMATION OF THE MEAN. 2 INTRO :: ESTIMATION Definition The assignment of plausible value(s) to a population parameter based on a value of a sample statistic.
Chapter 8 Estimation ©. Estimator and Estimate estimator estimate An estimator of a population parameter is a random variable that depends on the sample.
6-1 Copyright © 2014, 2011, and 2008 Pearson Education, Inc.
1 Estimation Chapter Introduction Statistical inference is the process by which we acquire information about populations from samples. There are.
Class Six Turn In: Chapter 15: 30, 32, 38, 44, 48, 50 Chapter 17: 28, 38, 44 For Class Seven: Chapter 18: 32, 34, 36 Chapter 19: 26, 34, 44 Quiz 3 Read.
CHAPTER 6: SAMPLING, SAMPLING DISTRIBUTIONS, AND ESTIMATION Leon-Guerrero and Frankfort-Nachmias, Essentials of Statistics for a Diverse Society.
Confidence Intervals.
GS/PPAL Research Methods and Information Systems
Introduction to Inference
More on Inference.
Inference for the Mean of a Population
Chapter 6 Inferences Based on a Single Sample: Estimation with Confidence Intervals Slides for Optional Sections Section 7.5 Finite Population Correction.
ESTIMATION.
STA 291 Spring 2010 Lecture 12 Dustin Lueker.
ECO 173 Chapter 10: Introduction to Estimation Lecture 5a
Sampling Distributions and Estimation
Week 10 Chapter 16. Confidence Intervals for Proportions
ECO 173 Chapter 10: Introduction to Estimation Lecture 5a
Statistics in Applied Science and Technology
More on Inference.
Data Analysis and Statistical Software I ( ) Quarter: Autumn 02/03
Daniela Stan Raicu School of CTI, DePaul University
Econ 3790: Business and Economics Statistics
Estimation Goal: Use sample data to make predictions regarding unknown population parameters Point Estimate - Single value that is best guess of true parameter.
Confidence Intervals for Proportions
Sampling Distributions (§ )
Daniela Stan Raicu School of CTI, DePaul University
Sampling: How to Select a Few to Represent the Many
Estimating a Population Mean:  Known
STA 291 Spring 2008 Lecture 13 Dustin Lueker.
STA 291 Summer 2008 Lecture 12 Dustin Lueker.
STA 291 Spring 2008 Lecture 12 Dustin Lueker.
Chapter 5: Sampling Distributions
Presentation transcript:

Making inferences from collected data involve two possible tasks: Estimation: Use sample data to infer population parameter  e.g., lifetime risk of being a victim of a violent crime according to NCVS data Hypothesis Testing: Use data to make a decision about the correctness of some hypothesis or prediction  e.g., whether civil orders of protection really lower recurrent violence against spouses

Both tasks rely on using Samples to make statements about populations: A limited number of cases selected to represent the larger population of data points Key Terms/Ideas in Sampling: Representativeness  degree to which sample is an exact replica in miniature of the population Sampling Error  degree to which sample statistic deviates from population value Sampling Method  procedure used to draw cases from the population of data points

Two main types of sampling methods: Probability Sampling Selection where each data point has a known probability for being selected into the sample Simple Random sample  every data point has an equal likelihood of being selected Other types of probability samples? Systematic Stratified Weighted Cluster Doesn’t guarantee representativeness each time

Two main types of sampling methods: Non-probability Sampling: Selection procedure in which probability of selection is unknown Specific types of Non-probability samples? Accidental Convenience Purposive Snowball Volunteer No guarantee of representativeness

Why use one sample method versus another? Maximize representativeness of data Minimize sampling error and bias in data Valid use of inferential statistics with data (which mostly assumes simple random sampling)

Making inferences from sample statistics involves 3 distributions: Sample distribution: observed in cases from which data were collected Population distribution: unobserved in population from which cases drawn Sampling distribution: unobserved but calculable distribution of statistics for samples of same size/type as ours (drawn from the same population)  This distribution is the key to making inferences

“Sampling Distribution”: what is it? A hypothetical population of samples (and sample statistics) from drawn from the same population Has a describable theoretical distribution (based on repeatedly drawing a sample an infinite number of times) Has certain parameters determined by the population from which the sample is drawn and the size of the sample (denoted as n)

e.g.: If we draw a sample of 25 cases and compute the sample mean The sample mean has a theoretical sampling distribution whose characteristics are exactly determined by the distribution of the population (μ & σ) and by the sample size (n=25) The mean of the sampling distribution = the mean of the population In this case: the σ of the sampling distribution = σ/5 (i.e., one-fifth the σ of the population)

Important features of Sampling distributions: If the variable is normally distributed in the population, then the sampling distribution of sample means will also be normal The mean of the sampling distribution = the mean of the population The σ of the sampling distribution = σ/√n Use this information to compute the likelihood of any sample mean being drawn from the population (using the standard normal [z] table)

Additional Important features of Sampling distributions: The σ of the sampling distribution will always be smaller than the σ of the population The mean of the sampling distribution will always be the population mean The sampling distribution will become more Normal as the sample size gets larger – no matter the distribution of the population! [this is called the Central Limit Theorem]

Using Sample statistics to make inferences about population parameters: The best estimate of the population mean is the sample mean The sample estimate of σ is slightly too low; it needs to be adjusted to be accurate estimate Thus there are two different formulas for the sample variance/standard deviation: (descriptive) (inferential)

Basic Steps in Estimating Population Parameters: Select valid estimator (unbiased, consistent, and efficient) Select valid data sample Corresponds to population of interest Random sample Complete (no censoring or omissions) Variables measured with least possible error Compute value of statistical estimate Compute confidence interval (i.e., plausible margin of sampling error)

Two Approaches to estimation: Point Estimation: Use sample data to infer exact value of population parameter Highly likely to be wrong or off-mark to some degree e.g., infer that 30% of adults will be victims of violent crime in their lifetimes (could actually be 35% or 25%) Interval Estimation: Instead use sample data to compute a range of values (“confidence intervals”) within which the actual parameter is located (with some calculated margin of certainty or confidence) Yields more approximate but more plausible (or confident) estimates.

Confidence Interval Estimation: Compute the sample mean Compute the sample standard error From the population (σ) From the sample (s or ) Compute the confidence interval or