Which of the following best describes what the Central Limit Theorem states in the context of confidence intervals?
Table of contents
- 1. Intro to Stats and Collecting Data1h 14m
- 2. Describing Data with Tables and Graphs1h 55m
- 3. Describing Data Numerically2h 5m
- 4. Probability2h 16m
- 5. Binomial Distribution & Discrete Random Variables3h 6m
- 6. Normal Distribution and Continuous Random Variables2h 11m
- 7. Sampling Distributions & Confidence Intervals: Mean3h 23m
- Sampling Distribution of the Sample Mean and Central Limit Theorem19m
- Distribution of Sample Mean - Excel23m
- Introduction to Confidence Intervals15m
- Confidence Intervals for Population Mean1h 18m
- Determining the Minimum Sample Size Required12m
- Finding Probabilities and T Critical Values - Excel28m
- Confidence Intervals for Population Means - Excel25m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 25m
- 9. Hypothesis Testing for One Sample3h 29m
- 10. Hypothesis Testing for Two Samples4h 50m
- Two Proportions1h 13m
- Two Proportions Hypothesis Test - Excel28m
- Two Means - Unknown, Unequal Variance1h 3m
- Two Means - Unknown Variances Hypothesis Test - Excel12m
- Two Means - Unknown, Equal Variance15m
- Two Means - Unknown, Equal Variances Hypothesis Test - Excel9m
- Two Means - Known Variance12m
- Two Means - Sigma Known Hypothesis Test - Excel21m
- Two Means - Matched Pairs (Dependent Samples)42m
- Matched Pairs Hypothesis Test - Excel12m
- 11. Correlation1h 24m
- 12. Regression1h 50m
- 13. Chi-Square Tests & Goodness of Fit2h 21m
- 14. ANOVA1h 57m
7. Sampling Distributions & Confidence Intervals: Mean
Introduction to Confidence Intervals
Problem 7.3.18
Textbook Question
Determining Sample Size. Assume that each sample is a simple random sample obtained from a normally distributed population.
You want to estimate for the population of diastolic blood pressures of air traffic controllers in the United States. Find the minimum sample size needed to be 95% confident that the sample standard deviation s is within 1% of σ. Is this sample size practical?
Verified step by step guidance1
Step 1: Understand the problem. The goal is to determine the minimum sample size (n) required to estimate the population standard deviation (σ) with 95% confidence, such that the sample standard deviation (s) is within 1% of σ. This involves using the chi-square distribution, as it is commonly used for variance and standard deviation estimation.
Step 2: Recall the formula for the confidence interval of the population standard deviation (σ). The formula is derived from the chi-square distribution: \( \frac{(n-1)s^2}{\chi^2_{\alpha/2}} \leq \sigma^2 \leq \frac{(n-1)s^2}{\chi^2_{1-\alpha/2}} \), where \( \chi^2_{\alpha/2} \) and \( \chi^2_{1-\alpha/2} \) are the critical values of the chi-square distribution for a given confidence level (1 - α).
Step 3: Set up the margin of error condition. The problem specifies that the sample standard deviation (s) must be within 1% of the population standard deviation (σ). This means the margin of error (E) is \( 0.01\sigma \). Using the chi-square formula, the margin of error can be expressed as \( E = \sigma \sqrt{\frac{\chi^2_{1-\alpha/2} - \chi^2_{\alpha/2}}{(n-1)\chi^2_{\alpha/2}\chi^2_{1-\alpha/2}}} \).
Step 4: Rearrange the formula to solve for the sample size (n). To find the minimum sample size, isolate \( n \) in the inequality. This requires algebraic manipulation of the chi-square formula and substituting the given values: confidence level (95%, so \( \alpha = 0.05 \)), and the margin of error (1% of σ). Use chi-square critical values corresponding to \( \alpha/2 = 0.025 \) and \( 1-\alpha/2 = 0.975 \).
Step 5: Evaluate the practicality of the sample size. Once the minimum sample size (n) is calculated, consider whether it is feasible to collect this many samples in practice. Factors such as time, cost, and accessibility of air traffic controllers should be taken into account to determine if the sample size is practical.
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Key Concepts
Here are the essential concepts you must grasp in order to answer the question correctly.
Sample Size Determination
Sample size determination is a statistical process used to calculate the number of observations needed in a sample to achieve a desired level of precision and confidence in estimating a population parameter. It involves considering factors such as the population size, the expected variability in the data, and the desired confidence level, which in this case is 95%.
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Confidence Interval
A confidence interval is a range of values, derived from sample statistics, that is likely to contain the true population parameter with a specified level of confidence. In this scenario, a 95% confidence interval means that if we were to take many samples and build intervals, approximately 95% of those intervals would contain the true population mean of diastolic blood pressures.
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Standard Deviation and Variability
Standard deviation is a measure of the amount of variation or dispersion in a set of values. In the context of this question, understanding the population standard deviation (σ) is crucial for determining how much the sample standard deviation (s) can deviate from it, specifically within the 1% margin of error, which impacts the required sample size for accurate estimation.
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