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Published byCorey Hudson Modified over 9 years ago
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Test Topics 1)Notation and symbols 2)Determining if CLT applies. 3)Using CLT to find mean/mean proportion and standard error of sampling distribution 4)Finding confidence intervals (means & proportions) 5)Finding sample size to get specific margin of error
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CI = statistics ± z * · standard error margin of error What if you want the margin of error to have a certain value because you want to estimate the TRUE mean or proportion within a specific amount? Example: You want to estimate your candidates approval rating (%) within 3% of the ACTUAL approval rating across the country.
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Often a high confidence level (95 or 99%), means that your interval must be very large (high margin of error). Ultimately, we would like to create a confidence interval with a high confidence level and very small margin of error. How can we control that??? Make the z* value smaller this means a lower confidence level. Make the value smaller this does make it easier to get a more accurate , but is difficult to control. Make the n (sample size) larger dividing by a larger number makes the standard error smaller and in turn the margin of error smaller. Best Option!
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The one part that would have the power to change the margin of error is the sample size (n).
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Example: We want to estimate the average number of college games attended by all football fans per season within 2 games based upon a 95% confidence level. We know that = 3.5 games. Divide by 2 Square both sides
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Example: We want to estimate the average number of college games attended by all football fans per season within 2 games based upon a 95% confidence level. We know that = 3.5 games. Divide by E Square both sides *We could solve the formula for “n” and use it each time we need to compute a sample size.
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Divide by 2.575 Square both sides Multiply by n and then divide
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Divide by z* Square both sides Multiply by n *We could solve the formula for “n” and use it each time we need to compute a sample size. Then divide
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