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Understanding Confidence Intervals and Variance

The lecture on April 18th focuses on confidence intervals and the variance in sampling distributions. It discusses the normal approximation for large sample sizes and the properties of sample means, including the critical value determination using degrees of freedom. An example is provided to illustrate the calculation of the margin of error and sample size needed for a 95% confidence level.

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Eesha Garimella
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20 views2 pages

Understanding Confidence Intervals and Variance

The lecture on April 18th focuses on confidence intervals and the variance in sampling distributions. It discusses the normal approximation for large sample sizes and the properties of sample means, including the critical value determination using degrees of freedom. An example is provided to illustrate the calculation of the margin of error and sample size needed for a 95% confidence level.

Uploaded by

Eesha Garimella
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Lecture : April 18th

no notes for mon or wed !

confidence intervals

key concept : variance in sampling distributions

·
If the sample size is large enough the dist will be
,

normal
approx
·
population is normal -
sample mean
normally dist

?
variance = stdev

*is no 30

= S Co
Co
M
-

for large n values : Binom (n , p)N(np np(1-p)


,

-4
mean st dev

computations for st of sample means


.
1
T = X + X + Xz ... + Xn follows from

1 .
property that var(cI] = var(I]

2
i=1
Lecture : April 18th

+ dist
·

symmetric around O
·
has heavier tails

· df = n -1

to find the critical value

j'f(())dx
1
2
= -

D
-

example
95 % confidence

3t dev = 5 pounds
ME < 1 pound
n = ?

ME =
24/2 ·
·

(00
n =

( 165)
n = ·
= (9 832
.
= 96 04
.

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