Questions and Answers
A 90% confidence interval is narrower than a 95% confidence interval, assuming all other factors remain constant.
True
The margin of error in a confidence interval is always equal to half the width of the interval.
True
The formula for a one-sample confidence interval for a population mean is x (Z \* ( / sqrt(n))), where x represents the population mean.
False
A confidence interval for a population proportion can be calculated using the same formula as a confidence interval for a population mean.
Signup and view all the answers
If a 95% confidence interval for a population mean is (10, 15), then we are 95% confident that the true population mean is exactly 12.5.
Signup and view all the answers
A larger sample size will generally result in a wider confidence interval, assuming all other factors remain constant.
Signup and view all the answers
Confidence intervals are only applicable to data that follows a normal distribution.
Signup and view all the answers
A confidence interval can be used to determine the exact value of the population parameter.
Signup and view all the answers
If a confidence interval for a population proportion is (0.3, 0.5), then we can conclude that the population proportion is definitely greater than 0.25.
Signup and view all the answers
A confidence interval of 99% implies that we are 99% certain that the true population parameter lies within the interval.
Signup and view all the answers
Study Notes
Confidence Intervals
Definition: A confidence interval is a range of values within which a population parameter is likely to lie.
Key Concepts:
- Confidence Level: The probability that the interval contains the true population parameter. Typical levels are 95% or 99%.
- Margin of Error: The maximum amount by which the sample statistic may differ from the true population parameter.
- Width of Interval: The distance between the upper and lower bounds of the interval.
Types of Confidence Intervals:
-
One-Sample Confidence Interval for a Population Mean:
- Formula:
x̄ ± (Z \* (σ / sqrt(n))) - Where:
x̄is the sample mean,Zis the Z-score corresponding to the desired confidence level,σis the population standard deviation, andnis the sample size.
- Formula:
-
One-Sample Confidence Interval for a Population Proportion:
- Formula:
p̂ ± (Z \* sqrt(p̂ \* (1-p̂) / n)) - Where:
p̂is the sample proportion,Zis the Z-score corresponding to the desired confidence level, andnis the sample size.
- Formula:
Interpretation:
- A 95% confidence interval for a population mean of 20 with a margin of error of 2 means that we are 95% confident that the true population mean lies between 18 and 22.
- A 99% confidence interval for a population proportion of 0.4 with a margin of error of 0.05 means that we are 99% confident that the true population proportion lies between 0.35 and 0.45.
Common Errors:
- Misinterpretation: Confidence intervals do not provide the probability that the interval contains the true population parameter, but rather the probability that the procedure used to create the interval would produce an interval that contains the true parameter.
- Ignoring Assumptions: Failing to check assumptions such as normality, independence, and randomness can lead to inaccurate confidence intervals.
Confidence Intervals
Definition and Key Concepts
- A confidence interval is a range of values within which a population parameter is likely to lie.
- Confidence level is the probability that the interval contains the true population parameter, typically 95% or 99%.
- Margin of error is the maximum amount by which the sample statistic may differ from the true population parameter.
- Width of interval is the distance between the upper and lower bounds of the interval.
Types of Confidence Intervals
One-Sample Confidence Interval for a Population Mean
- Formula:
x̄ ± (Z \* (σ / sqrt(n))) - Where:
x̄is the sample mean,Zis the Z-score corresponding to the desired confidence level,σis the population standard deviation, andnis the sample size.
One-Sample Confidence Interval for a Population Proportion
- Formula:
p̂ ± (Z \* sqrt(p̂ \* (1-p̂) / n)) - Where:
p̂is the sample proportion,Zis the Z-score corresponding to the desired confidence level, andnis the sample size.
Interpretation
- A confidence interval provides a range of values within which the true population parameter is likely to lie, with a certain level of confidence.
- Example: A 95% confidence interval for a population mean of 20 with a margin of error of 2 means that we are 95% confident that the true population mean lies between 18 and 22.
- Example: A 99% confidence interval for a population proportion of 0.4 with a margin of error of 0.05 means that we are 99% confident that the true population proportion lies between 0.35 and 0.45.
Common Errors
- Misinterpretation: Confidence intervals do not provide the probability that the interval contains the true population parameter, but rather the probability that the procedure used to create the interval would produce an interval that contains the true parameter.
- Ignoring assumptions: Failing to check assumptions such as normality, independence, and randomness can lead to inaccurate confidence intervals.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your understanding of confidence intervals, including confidence levels, margin of error, and width of interval in statistical analysis.
