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1. The document discusses key concepts in estimation and inferential statistics including properties of good estimators, interval estimates, confidence intervals, and formulas for computing confidence intervals and sample sizes. 2. It provides examples of computing 99% and 95% confidence intervals for population means based on sample data and its properties like mean, standard deviation, and sample size. 3. The document also illustrates calculating required sample sizes using the sample size determination formula for given confidence levels, tolerable errors, population standard deviations, and confidence that sample and population means will differ by no more than a given amount.

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Ashley Bonifacio
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19 views

Untitled

1. The document discusses key concepts in estimation and inferential statistics including properties of good estimators, interval estimates, confidence intervals, and formulas for computing confidence intervals and sample sizes. 2. It provides examples of computing 99% and 95% confidence intervals for population means based on sample data and its properties like mean, standard deviation, and sample size. 3. The document also illustrates calculating required sample sizes using the sample size determination formula for given confidence levels, tolerable errors, population standard deviations, and confidence that sample and population means will differ by no more than a given amount.

Uploaded by

Ashley Bonifacio
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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STA.

CECILIA PAROCHIAL SCHOOL


MALY, SAN MATEO, RIZAL
SY 2022-2023
Identifies the length of a confidence
interval
Computes for the length of the
confidence interval.
Computes for an appropriate sample
size using the length of the confidence
interval
Estimation is one aspect on inferential statistics; it is the process of
estimating the value of a parameter from an information drawn from a
sample. In other words, the objective of estimation is to determine the
approximate value of a population parameter based on a sample
statistic.
We refer to the sample statistic as the estimator of the population
parameter. The computed sample statistic is called the estimate.
PROPERTIES OF GOOD ESTIMATOR
1. It should be unbiased estimator – a population parameter is an
estimator whose expected value is equal to that parameter.
2. It should be consistent – if the difference between the estimator and
the parameter grows smaller as the sample size grows larger.
3. It should be relatively efficient estimator – if there are two unbiased
estimators of a parameter, the one whose variance is smaller.
Interval Estimate
It is an interval, or a range of values used to estimate the
parameter.

Each interval is constructed with regard to a given confidence level and


is called confidence interval which states how much confidence the
interval contains the true population parameter.
The confidence level has its corresponding coefficient which is called
confidence coefficients. These coefficients are used to find the margin of
error, for instance, the table below shows the corresponding coefficient
confidence level.
Formula for Confidence Interval

𝐿𝑜𝑤𝑒𝑟 𝐿𝑖𝑚𝑖𝑡 < 𝜇 < 𝑈𝑝𝑝𝑒𝑟 𝐿𝑖𝑚𝑖𝑡


𝜎
𝑋ത − 𝑧𝛼ൗ < 𝜇 < 𝑋ത + 𝑧𝛼ൗ ( )
2 2 𝑛
A survey of 30 households found that the mean age of an LED TV is 4 years.
Assuming the standard deviation of the population is 0.75 year; find the best point
estimate of the population mean and the 99% confidence interval of the population
mean.
An independent researcher wishes to estimate the average amount of money a
young professional spends in clothing each month. A sample of 40 young
professionals who spend in clothing found the mean to be 500 pesos and the
standard deviation to be 80 pesos. Find the best point estimate of the population
mean and 95% confidence interval of the population mean.
Sample Size Determination formula

𝑧𝛼ൗ ∙ 𝜎
2
𝑛=( )2
𝐸
Steps in Solving the Sample Size
1. Identify the confidence level
2. 2. identify how much error E, is tolerable.
3. Identify the population standard deviation, if unknown estimate it.
4. Compute the sample size.
A college dean wishes to estimate the average number if hours students spend
doing homework per week. The standard deviation from a previous study is 4.5
hours. How large a sample mush be selected if he wants to be 95% confident of
finding whether the true mean differs from the sample mean by 2.1 hours?
A department store is interested in charges made by credit card customers. The
General Manager of the department store would like an estimate of mean
purchase amount for its credit card customers that is within 500 pesos of the
actual population for 99% confidence level, how large a sample is necessary if the
population standard deviation is estimated at 3 800 pesos?

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