商务与经济统计(原书第14版)Ch08.pptxVIP

Statistics for Business and Economics (14e)Metric VersionAnderson, Sweeney, Williams, Camm, Cochran, Fry, Ohlmann? 2020 Cengage Learning1? 2020 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website or school-approved learning management system for classroom use. Chapter 8 - Interval Estimation8.3 – Determining the Sample Size8.4 – Population Proportion8.5 – Big Data and Confidence Intervals2 Margin of Error and the Interval EstimateA point estimator cannot be expected to provide the exact value of the population parameter.An interval estimate can be computed by adding and subtracting a margin of error to the point estimate.The purpose of an interval estimate is to provide information about how close the point estimate is to the value of the parameter.3 Interval Estimate of a Population Mean: σ Known (1 of 4)The general form of an interval estimate of a population mean isIn order to develop an interval estimate of a population mean, the margin of error must be computed using either:4 Interval Estimate of a Population Mean: σ Known (2 of 4)5 Interval Estimate of a Population Mean: σ Known (3 of 4)Interval Estimate of μ:6 Interval Estimate of a Population Mean: σ Known (4 of 4)Confidence LevelAlphaAlpha divided by 2Table Look-up Area2 subscript alpha divided by 2 baseline90%.10.05.95001.64595%.05.025.97501.96099%.01.005.99502.5767 Meaning of C% ConfidenceWe say that this interval has been established at the 90% confidence level.The value 0.90 is referred to as the confidence coefficient.8 Interval Estimate of a Population Mean: σ Known (1 of 5)Example: Discount SoundsDiscount Sounds has 260 retail outlets throughout the United States. The firm is evaluating a potential location for a new outlet, based in part, on the mean annual income of the individuals in the marketing are