Chapter 7, Part B Sampling and Sampling Distributions 商务统计 教学课件.pptVIP

Chapter 8Interval Estimation There is a 1 - ? probability that the value of a sample mean will provide a margin of error of or less. Interval Estimate of a Population Mean:s Known Interval Estimate of m Interval Estimate of Population Mean:? Known Interval estimate of ? is: t Distribution Interval Estimate A reporter for a student newspaper is writing an article on the cost of off-campus housing. A sample of 16 efficiency apartments within a half-mile of campus resulted in a sample mean of $650 per month and a sample standard deviation of $55. At 95% confidence, ? = .05, and ?/2 = .025. Recall that Discount Sounds is evaluating a potential location for a new retail outlet, based in part, on the mean annual income of the individuals in the marketing area of the new location. Suppose that Discount Sounds’ management team wants an estimate of the population mean such that there is a .95 probability that the sampling error is $500 or less. How large a sample size is needed to meet the required precision? At 95% confidence, z.025 = 1.96. Recall that ??= 4,500. Interval Estimationof a Population Proportion Interval Estimate Political Science, Inc. (PSI) specializes in voter polls and surveys designed to keep political office seekers informed of their position in a race. Using telephone surveys, PSI interviewers ask registered voters who they would vote for if the election were held that day. Sample Size for an Interval Estimateof a Population Proportion Suppose that PSI would like a .99 probability that the sample proportion is within + .03 of the population proportion. How large a sample size is needed to meet the required precision? (A previous sample of similar units yielded .44 for the sample proportion.) End of Chapter 8 ?/2 ?/2 Interval Estimationof a Population Proportion Normal Approximation of Sampling Distribution of Sampling distribution of p 1 - ? of all values where: 1 -?