STATS 250 Lecture Notes - Lecture 8: Sampling Distribution, Confidence Interval, Normal Distribution
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STATS 250 Full Course Notes
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Population= basket of n balls, 1 ball for each unit in popul. Random sample of size n (a few balls selected from population) The sample estimate provides our best guess as to what is the value of the population parameter, but it is not 100% accurate. The few or number of standard errors we go out each way from the sample estimate will depend on how confident we want to be. The confidence level is the percentage of the time we expect the procedure to produce an interval that does contain the population parameter. Goal: we want to learn about a population proportion p . We take a random sample from the population and we estimate p with the resulting sample proportion p . Each possible random sample provides a possible sample proportion p value. (if we made a histogram of all of these possible p values it would look like the normal distribution on the previous page. )