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X =
X
n
Estimate Variance of Value
SAMPLING DISTRIUTION OF SAMPLE
2
( X X)
MEANS 2
s=
n1
Number of Possible samples
Estimate standard deviation of Value
Cn
N where: N size of the population
n size of the sample
Mean of Sampling Distribution
s= s = 2
( X X )2
n1
x P( x )
x =
Variance of the Sampling Distribution of
the sample means. CONFIDENCE INTERVAL ESTIMATES FOR
P( x ) ( x )2 THE POPULATION MEAN
x 2= or Best Point Estimate = x or X
2
Nn General formula for a confidence
x 2= for finite population interval estimate
n N 1
x =22
for infinite population
X Z
2 n
( )
<< X +Z
2 n
( )
n
Standard Deviation of the Sampling Z
Distribution of the sample mean Corresponding 2 for confidence
x = x2 = P (x ) ( x )2 or Level
x = x2 =
Nn
n N 1 for finite 2.58
90% = 1.65, 95% = 1.96, 99% =
2 population variance n= ( 2
)
Where: E
population standard deviation CONFIDENCE INTERVALS FOR THE
POPULATION MEAN WHEN POPULATION
CENTRAL LIMIT THEOREM STANDARD DEVIATION IS UNKNOWN
(SOLVING PROBLEMS INVOLVING
SAMPLING DISTRIBUTION OF THE
X t
2
( sn )< < X + t ( sn )
2
SAMPLE MEANS)
Condition to use this formula: Number of desired outcome
^p=
1) n is less than 30 Number of elements
2) sample is randomly selected and
X
normally distributed (stated in the Or ^p=
n
problem)
3) Unknown population standard nx
q^ =1 ^p =
deviation n
X Z
2
( ^pnq^ )< p< X + Z ( ^pnq^ )
2
Determining ^p q^