Scribd Logo
Upload

Welcome to Scribd!

  • Untitleddocument 4

    Uploaded by

    api-285626648
    33 views6 pages
    This document discusses confidence intervals and hypothesis testing using sample data. It provides three key examples: 1. A 95% confidence interval estimate for the mean starting compensation for engineering students between $58,425 and $62,903. 2. A 99% confidence interval estimate for the standard deviation of starting compensation for computer science students between $3,667 and $6,179. 3. A 90% confidence interval estimate that the proportion of all students with starting compensation over $50,000 is between 0.38252 and 0.46948.

    Original Description:

    Original Title

    untitleddocument-4

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses confidence intervals and hypothesis testing using sample data. It provides three key examples: 1. A 95% confidence interval estimate for the mean starting compensation for engineering students between $58,425 and $62,903. 2. A 99% confidence interval estimate for the standard deviation of starting compensation for computer science students between $3,667 and $6,179. 3. A 90% confidence interval estimate that the proportion of all students with starting compensation over $50,000 is between 0.38252 and 0.46948.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    33 views6 pages

    Untitleddocument 4

    Uploaded by

    api-285626648
    This document discusses confidence intervals and hypothesis testing using sample data. It provides three key examples: 1. A 95% confidence interval estimate for the mean starting compensation for engineering students between $58,425 and $62,903. 2. A 99% confidence interval estimate for the standard deviation of starting compensation for computer science students between $3,667 and $6,179. 3. A 90% confidence interval estimate that the proportion of all students with starting compensation over $50,000 is between 0.38252 and 0.46948.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    FallProject(part2)

    ConfidenceIntervalEstimates
    Wecanuseasampleproportiontoconstructaconfidenceintervalofthetrue
    valueofpopulationportion.Confidenceintervalconsistofarange(oraninterval)
    ofvaluesinsteadofasinglevalue,itgiveusabettersenseofhowgoodanestimate
    isandisusedtoestimatethetruevalueofapopulationparameter.

    95%confidenceintervalestimateforthemeanstartingcompensationfor
    studentsgraduatinginEngineering

    Inthisproblemwehaveasamplemeanof60664witha95%confidenceintervalwhich
    byusingatwotailedtestgiveustheresulttobelievethatthemeanshouldbein58425and
    62903,usingdegreesoffreedomof50andtheareaoftwotailedtestof0.025gaveusthet
    criticalvaluesof2.009.

    99%confidenceintervalestimateforthetruestandarddeviationofstarting
    compensationsforstudentsgraduatinginComputerScience

    Becauseweareusing99%confidenceinterval,testingtherightandlefttailsgaveusthe
    resultsof27991and79490whichweplugintotheformulaofstandarddeviationforpopulation
    parametersandwecameupwithastandarddeviationbetween3667and6179.

    90%confidenceintervalestimatefortheproportionofallstudentswithstarting
    compensationover$50,000

    Using90%confidenceintervalwewereabletoestimatethestarting
    compensationover$50,00ofcollegegraduatesarebetween0.38252and0.46948
    wecanbesurethat90%willbebetweenthisnumbers.

    HypothesisTest

    WhatisthemeaningandpurposeofaHypothesisTest?
    Hypothesistestisaclaimorstatementaboutapropertyofapopulation,isaprocedurefortesting
    aclaimaboutapropertyofpopulation.Thepropertyisoftenthevalueofpopulation
    parameter.Isdifferenttypesofhypothesistests:Twotailed,RighttailedandLefttailed.
    Twotailedtest:Thecriticalregionisinthetwoextremeregionsunderthecurve.
    Lefttailedtest:Thecriticalregionisintheextremeleftregionunderthecurve.
    Righttailedtest:Thecriticalregionisintheextremerightregionunderthecurve.
    *Somepossibleerrorsforusingthisdataare:

    AtypeIerroristhemistakeofrejectingthenullhypothesiswhenitisactuallytrue,(alpha)is
    usedtorepresenttheprobabilityofthistypeoferror.
    *
    TypeIIerrorthemistakeoffailingtorejectthenullhypothesiswhenitisactuallyfalse(beta)
    isusedtorepresenttheprobabilityofthistypeoferror.

    Onewayinwhichthesamplingmethodcanbeimproveistoreadtheproblemcarefully,
    organizeallthedataoranyinformationthatisprovided,valuesandidentifiedwhichsampling
    methodisthebestwhichwouldfittheproblemthatwillbeworkingon.

    Usea0.05significanceleveltotesttheclaimthatstudentsgraduatinginHumanitiesandSocial
    Scienceshaveanaveragestartingcompensationofunder$38,000

    InthisproblemwefailtorejecttheclaimHowhichisthatthestudentsgraduatingfrom
    HumanitiesandSocialSciencewillhaveastartingcompensationof$38,000
    theresultis0.8084whichislessthan38,000.

    Usea0.01significanceleveltotesttheclaimthatthe80%ofstudentsgraduatingwithacollege
    degreewillfindastartingcompensationpackagevaluedatover$40,000

    InthisproblemisfailingtorejecttheclaimofHo,fortheresultsitsupportstheclaimof350
    studentswillstartwithacompensationpackageover40,000,

    Conditionsfordoingintervalestimatesfor
    populationproportions

    Conditionsfordoingintervalestimatesfor
    populationmean

    Thesampleisasimplerandomsample

    Thesampleissimplerandomsample

    Thereareatleast5successandatleast5
    failures

    Thepopulationisnormallydistributedor
    n>30

    Thetrialsareindependent,therearetwo
    categoriesofoutcomesandtheprobabilities
    remainconstantforeachtrial

    Conditionsfordoinghypothesistestfor
    populationproportions

    Conditionsfordoinghypothesistestfor
    populationmeans

    Thesampleisasimplerandomsample

    Bothsamplesaresimplerandomsamples.
    Thetwosamplesareindependent

    Thetwopopulationstandarddeviationare
    notknown

    Eitherorbothoftheseconditionsissatisfied:
    Thetwosamplessizesarebothlarge(with
    n1>30andn2>30

    You might also like