Announcements and Deadlines
Labs 6, 7, 8 and 10 due Thu Apr 16
Excel Final Exam on Thu Apr 16
Chapter 6-8 assignment (Moodle) due Thu Apr 23
Excel Final Exam on Thu Apr 16
Chapter 6-8 assignment (Moodle) due Thu Apr 23
Theory Exam (Chapter 6-8) is combined with Chapter 12 exam and will be on Thu Apr 23
This Week
1. Sampling Distributions and Central Limit Theorem
1. Sampling Distributions and Central Limit Theorem
Central Limit Theorem Simulator
Set n=25 and run the simulator several hundred thousand times.
For any population distribution (normal, uniform, skewed, custom), the distribution of the sample mean, x̄, is normally distributed with the following properties:
Lab 8 - Sampling Distributions
Lab 8 shows how a sample mean, x̄ (n=16 or 100) is usually close to a population mean, µ (N=10,000), and gets closer as n increases. You will use a VLOOKUP function to randomly sample from your payroll data.
3. Confidence Intervals
Lab 8 shows how a sample mean, x̄ (n=16 or 100) is usually close to a population mean, µ (N=10,000), and gets closer as n increases. You will use a VLOOKUP function to randomly sample from your payroll data.
3. Confidence Intervals
"A Mainstreet Technologies poll ... suggests Albertans are highly resistant to any tax hikes. Only 15 per cent of survey respondents say they’d favour increased taxes. Spending cuts are the preferred solution of 43 per cent."
"...automated phone survey of 3,184 Albertans."
"The Mainstreet Technologies survey is considered accurate within plus or minus 1.7 percentage points, 19 times out of 20."
http://calgaryherald.com/news/politics/alberta-sales-tax-the-most-detested-budget-solution-poll-says
Confidence Interval for Population Proportion, p
Confidence Interval for Population Mean, µ (σ known)
Confidence Interval for Population Mean (σ unknown)
For More Information
Sampling distribution
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/sampling-distribution-of-the-sample-mean
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/sampling-distribution-of-the-sample-mean-2
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/standard-error-of-the-mean
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/sampling-distribution-example-problem
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/sampling-distribution-of-the-sample-mean
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/sampling-distribution-of-the-sample-mean-2
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/standard-error-of-the-mean
https://www.khanacademy.org/math/probability/statistics-inferential/sampling_distribution/v/sampling-distribution-example-problem
Confidence Intervals (videos go beyond the content of this course)
https://www.khanacademy.org/math/probability/statistics-inferential/confidence-intervals/v/confidence-interval-1
https://www.khanacademy.org/math/probability/statistics-inferential/confidence-intervals/v/confidence-interval-example
https://www.khanacademy.org/math/probability/statistics-inferential/confidence-intervals/v/confidence-interval-example
Confidence Intervals (small sample size)
Next Week - Linear Equations and Graphs, Lab 10 - Linear Regression
Pre-read notes on Moodle