Lesson 8: Estimation
- Confidence interval:
- Take a sample and get the mean
- What is the probabilty that the mean weight of the population is within a range of the sample mean
- z-scores that bound 95% of a normal distribution
- 95% confidence interval for a sample mean
sample_mean - SE < mean < sample_mean + SE
- General idea:
- The bigger the sample, the more confident one can be that mean derived from it matches the population mean
- SE = population_standard_deviation / sqrt(sample_size) = a smaller value as the sample size gets large
- Critical values of z
- Practical use of Confidence Interval
- Test a change (treatment) and collect data (dependent variables) from a population
- Use it to determine where it lies on a sample mean distribition (z-score using SE)
- Then, use z-table to calculate probability of getting that