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Confidence interval (place of birth)

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    Student learning outcomes

  • The student will calculate the 90% confidence interval the proportion of students in this school who were born in this state.
  • The student will interpret confidence intervals.
  • The student will determine the effects of changing conditions on the confidence interval.

    Collect the data

  1. Survey the students in your class, asking them if they were born in this state. Let X = the number that were born in this state.
    1. n = ____________
    2. x = ____________
  2. In words, define the random variable P′ .
  3. State the estimated distribution to use.

    Find the confidence interval and error bound

  1. Calculate the confidence interval and the error bound.
    1. Confidence Interval: _____
    2. Error Bound: _____
  2. How much area is in both tails (combined)? α = _____
  3. How much area is in each tail? α 2 = _____
  4. Fill in the blanks on the graph with the area in each section. Then, fill in the number line with the upper and lower limits of the confidence interval and the sample proportion.
    Normal distribution curve with two vertical upward lines from the x-axis to the curve. The confidence interval is between these two lines. The residual areas are on either side.

    Describe the confidence interval

  1. In two to three complete sentences, explain what a confidence interval means (in general), as though you were talking to someone who has not taken statistics.
  2. In one to two complete sentences, explain what this confidence interval means for this particular study.
  3. Construct a confidence interval for each confidence level given.
    Confidence level EBP/Error Bound Confidence Interval
    50%
    80%
    95%
    99%
  4. What happens to the EBP as the confidence level increases? Does the width of the confidence interval increase or decrease? Explain why this happens.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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