100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Class notes

Point Estimates and Confidence Intervals

Rating
-
Sold
-
Pages
4
Uploaded on
15-11-2024
Written in
2024/2025

Notes on finding confidence intervals in various situations with examples.









Whoops! We can’t load your doc right now. Try again or contact support.

Document information

Uploaded on
November 15, 2024
Number of pages
4
Written in
2024/2025
Type
Class notes
Professor(s)
Dina rady
Contains
All classes

Content preview

Tuesday, 11/12
𝑟
➢ Point estimates for p and q: p̂ = 𝑛, q̂ = 1-p̂



Finding Confidence Interval for p
➢ In a binomial experiment with n trials, p is equal to the population probability of success,
q is equal to 1-p(probability of failure), r is equal to the number of successes, and n is
equal to the number of trials
𝑝𝑞 𝑝(1−𝑝)
➢ Confidence Interval: (p̂-E)<p<(p̂+E), where E ≈ zc√ 𝑛 = zc√ 𝑛
➢ np̂ and nq̂ must both be greater than 5
➢ Use Table 5(b) Appendix II to find frequently used values


Example
➢ 800 random students are chosen from a student body of 20,000 and are given flu shots.
600 of the 800 students did not get the flu. Let p represent the probability that a shot will
be successful, and q the probability that a shot will not be successful.
➢ What are the values of n and r?
→ n=800, r=600
➢ What are the point estimates for p and q?
→ p̂ = 600/800 = 0.75; q̂ = 1-0.75 = 0.25
➢ Is the number of trials large enough to justify a normal approximation to binomial?
→ n≥30 and np̂ and nq̂ both >5, so yes.
➢ Find the 99% confidence interval for p.
0.75(0.25) 0.1875
→ E = z0.99√ = 2.58√ = 2.58(0.15) = 0.0395
800 800

→ p̂-0.0395<p<p̂+0.0395 = (0.75-0.0395)<p<(0.75+0.0395) = 0.71<p<0.79


Video
➢ To find z score given a confidence level(90%, 95%, etc.) use formula to find area then
find z score corresponding to value
➢ AL = area under the curve to the left
➢ Formula: AL = (1+CL)/2
(1+0.95) 1.95
➢ For 95% confidence level: AL = = = 0.975
2 2
→ Using table, we find value corresponding to 0.975=1.96
$7.49
Get access to the full document:

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Get to know the seller
Seller avatar
zdovel29

Get to know the seller

Seller avatar
zdovel29 Mcdaniel College
View profile
Follow You need to be logged in order to follow users or courses
Sold
0
Member since
1 year
Number of followers
0
Documents
14
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions