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Chapter 21: The Accuracy of Percentages The Bootstrap When we do - - PowerPoint PPT Presentation
Chapter 21: The Accuracy of Percentages The Bootstrap When we do - - PowerPoint PPT Presentation
Chapter 21: The Accuracy of Percentages The Bootstrap When we do not know what is in the box, we estimate the SD of the box by pretending the box looks just like the sample. Confidence Intervals A 95% confidence interval for the population
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Example 2. Lemons are premium-grade, table-grade, or juice-grade. A farmer takes a simple random sample of 500 lemons from a large crop and finds that 75 are juice-
- grade. Find a 95% confidence interval for the percentage
- f juice-grade lemons in the crop.
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For a confidence interval with a different confidence level, normal tables are used to find the multiplier. e.g. an 80% confidence interval is Sample percentage ± 1.3 (SE%) e.g. a 90% confidence interval is Sample percentage ± 1.65 (SE%)
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