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Summary Test 1 Inferential statistics UT Premaster Business Administration

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Summary of all microlectures for test 1 written 2023

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Inferential statistics
Week 1
Confidence interval for a proportion




On the basis of a single sample, when can we say something about the whole population = inferential
statistics

,
,
, 68% of the samples will show a percentage between 1 s.e. to the left and 1 to the right

95% will show a percentage between 1.96x s.e. to the right and 1.96x s.e. to the right

Empirical rule is 68-95-99,7




Mostly we do not know the but just the p. we can estimate the s.e. by putting p in the formula
instead of , like this




, alt

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