CHAPTER 14Confidence IntervalsThe Basics.ppt

Chapter 5 Chapter 5 CHAPTER 14:Confidence Intervals:The Basics Chapter 14 Concepts * The Reasoning of Statistical Estimation Margin of Error and Confidence Level Confidence Intervals for a Population Mean How Confidence Intervals Behave Chapter 14 Objectives * Define statistical inference Describe the reasoning of statistical estimation Describe the parts of a confidence interval Interpret a confidence level Construct and interpret a confidence interval for the mean of a Normal population Describe how confidence intervals behave After we have selected a sample, we know the responses of the individuals in the sample. However, the reason for taking the sample is to infer from that data some conclusion about the wider population represented by the sample. Statistical Inference Statistical Inference Statistical inference provides methods for drawing conclusions about a population from sample data. Population Sample Collect data from a representative Sample... Make an Inference about the Population. * * Simple Conditions for InferenceAbout a Mean This chapter presents the basic reasoning of statistical inference. We start with a setting that is too simple to be realistic. Simple Conditions for Inference About a Mean We have an SRS from the population of interest. There is no nonresponse or other practical difficulty. The variable we measure has an exactly Normal distribution N(μ,σ) in the population. We don’t know the population mean μ, but we do know the population standard deviation σ. Note: The conditions that we have a perfect SRS, that the population is exactly Normal, and that we know the population standard deviation are all unrealistic. * The Reasoning of Statistical Estimation Your teacher has selected a “Mystery Mean” value μ and stored it as “M” in their calculator. The following command was executed on their calculator: mean(randNorm(M,20,16)) The result was 240.79. This tells us the calculator chose an SRS of 16 observations from a Normal population