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Confidence Interval Proportions
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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.
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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.
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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.
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Remember – for sampling distributions of proportions….
It’s approximately normal if
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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?
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So what’s the critical z value that corresponds to a 98% confidence.
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So what’s the formula for a Confidence Interval?
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PANIC! P – Parameter (tell what we are estimating) A – Assumptions
N – Name the Formula I – Interval (calculate it) C - Conclusion
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When 320 college students were surveyed, 125 said they own their car
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.
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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.
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A survey of 2450 golfers showed that 281 of them are left handed
A survey of 2450 golfers showed that 281 of them are left handed. Construct a 90% and 98% confidence level.
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Homework Worksheet
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