Compute Population Mean Margin Error 90 Confidence Interval
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Use The Given Confidence Interval To Find The Margin Of Error And The Sample Mean
Share with Friends Margin of Error In a confidence interval, the range of values above and below the sample statistic is called
How To Calculate Margin Of Error With Confidence Interval
the margin of error. For example, suppose we wanted to know the percentage of adults that exercise daily. We could devise a sample design to ensure that our sample estimate will not differ from the true population value by
Confidence Interval Margin Of Error Formula
more than, say, 5 percent (the margin of error) 90 percent of the time (the confidence level). How to Compute the Margin of Error The margin of error can be defined by either of the following equations. Margin of error = Critical value x Standard deviation of the statistic Margin of error = Critical value x Standard error of the statistic If you know the standard deviation of the statistic, use the first equation to compute the margin margin of error formula statistics of error. Otherwise, use the second equation. Previously, we described how to compute the standard deviation and standard error. How to Find the Critical Value The critical value is a factor used to compute the margin of error. This section describes how to find the critical value, when the sampling distribution of the statistic is normal or nearly normal. The central limit theorem states that the sampling distribution of a statistic will be nearly normal, if the sample size is large enough. As a rough guide, many statisticians say that a sample size of 30 is large enough when the population distribution is bell-shaped. But if the original population is badly skewed, has multiple peaks, and/or has outliers, researchers like the sample size to be even larger. When the sampling distribution is nearly normal, the critical value can be expressed as a t score or as a z score. When the sample size is smaller, the critical value should only be expressed as a t statistic. To find the critical value, follow these steps. Compute alpha (α): α = 1 - (confidence level / 100) Find the critical probability (p*): p* = 1 - α/2 To express the critical value as a z score, find the z score having a cumulative probability equal to the critical probability (p*). To express the critical value as a t statistic, follow these steps.
WorkSocial MediaSoftwareProgrammingWeb Design & DevelopmentBusinessCareersComputers Online Courses B2B Solutions Shop for Books San Francisco, CA Brr, it´s cold outside Search Submit Learn more with dummies Enter your email to join margin of error calculator our mailing list for FREE content right to your inbox. Easy! margin of error formula proportion Your email Submit RELATED ARTICLES How to Calculate the Margin of Error for a Sample… Statistics how to find margin of error with confidence interval Essentials For Dummies Statistics For Dummies, 2nd Edition SPSS Statistics for Dummies, 3rd Edition Statistics II for Dummies Load more EducationMathStatisticsHow to Calculate the Margin of http://stattrek.com/estimation/margin-of-error.aspx Error for a Sample Mean How to Calculate the Margin of Error for a Sample Mean Related Book Statistics For Dummies, 2nd Edition By Deborah J. Rumsey When a research question asks you to find a statistical sample mean (or average), you need to report a margin of error, or MOE, for the sample http://www.dummies.com/how-to/content/how-to-calculate-the-margin-of-error-for-a-sample-.html mean. The general formula for the margin of error for the sample mean (assuming a certain condition is met -- see below) is is the population standard deviation, n is the sample size, and z* is the appropriate z*-value for your desired level of confidence (which you can find in the following table). z*-Values for Selected (Percentage) Confidence Levels Percentage Confidence z*-Value 80 1.28 90 1.645 95 1.96 98 2.33 99 2.58 Note that these values are taken from the standard normal (Z-) distribution. The area between each z* value and the negative of that z* value is the confidence percentage (approximately). For example, the area between z*=1.28 and z=-1.28 is approximately 0.80. This chart can be expanded to other confidence percentages as well. The chart shows only the confidence percentages most commonly used. Here are the steps for calculating the margin of error for a sample mean: Find the population standard deviation and the sample size, n
Confidence Intervals and Margin of Error statisticsfun SubscribeSubscribedUnsubscribe49,94549K Loading... Loading... Working... Add to Want to watch this again later? Sign in to add this video to a playlist. Sign in Share More Report Need https://www.youtube.com/watch?v=dNfpsVLaaEE to report the video? Sign in to report inappropriate content. Sign in Transcript Statistics 154,292 views 783 Like this video? Sign in to make your opinion count. Sign in 784 16 Don't like this video? Sign in to make your opinion count. Sign in 17 Loading... Loading... Transcript The interactive transcript could not be loaded. Loading... Loading... Rating is available when the video margin of has been rented. This feature is not available right now. Please try again later. Uploaded on Jul 12, 2011Tutorial on how to calculate the confidence interval and margin of error (interval estimate). Include an example and some discussion on the bell curve and z scores.Like MyBookSucks on: http://www.facebook.com/PartyMoreStud...Related Videos:Z scores and Normal Tableshttp://www.youtube.com/watch?v=q5fwCl... How to Normalized Tables Used for Z scoreshttp://www.youtube.com/watch?v=dWu0KL...Playlist t tests for margin of error independent and dependent means.http://www.youtube.com/playlist?list=...Created by David Longstreet, Professor of the Universe, MyBookSuckshttp://www.linkedin.com/in/davidlongs... Category Education License Standard YouTube License Show more Show less Loading... Advertisement Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next How to calculate Margin of Error Confidence Interval for a population proportion - Duration: 8:04. statisticsfun 42,703 views 8:04 How to calculate sample size and margin of error - Duration: 6:46. statisticsfun 64,488 views 6:46 How to calculate z scores - Duration: 9:34. statisticsfun 48,449 views 9:34 How to use Excel to Calculate Confidence Interval - Duration: 4:59. statisticsfun 307,486 views 4:59 Margin of Error Example - Duration: 11:04. drenniemath 36,919 views 11:04 Statistics Lecture 7.2: Finding Confidence Intervals for the Population Proportion - Duration: 2:24:10. Professor Leonard 42,089 views 2:24:10 Confidence Intervals Part I - Duration: 27:18. ProfessorSerna 164,245 views 27:18 How to calculate t distributions - Duration: 5:47. statisticsfun 126,125 views 5:47 Margin of Error - Duration: 6:17. headlessprofessor 45,398 views 6:17 Confidence Interval Interpretation. 95% Confidence Interval 90% 99% - Duration: 7:21. Stomp On Step 1 93,730 views 7:21 How to calculate margin of error and standard deviation
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