NUR 5201 Review of Week 5 Re-cap: When finding a CI, we are estimating the value of a ________________ Which ____________ you are estimating, determines which formula you should use. A (1 – α)% Confidence Interval for p: Key Word: Estimate with (1 – α)% confidence the proportion….. ๐ฦธ โ ๐เท ๐ฦธ ± ๐๐ผเต โ 2 ๐ ๐(0, 1) ๐ผเต 2 1-α z Assuming nโ๐ฦธ ≥ 5 and nโ๐เท ≥ 5 95 A (1 – α)% Confidence Interval for μ Key Word: Estimate with (1 – α)% confidence the average (or mean)….. ๐ฅาง ± ๐ก ๐ผΤ 2 ๐ก(๐−1) 1-α ๐ โ ๐ ๐ผเต 2 t Assuming the population is normally distributed (use QQ-plot to verify) t stands for the student’s t-distribution with degrees of freedom, df = n – 1 (pg 339) Notice the Similarities ๐ฦธ ± ๐๐ผเต โ 2 ๐ฅาง ± ๐ก ๐ฦธ โ ๐เท ๐ ๐ผΤ 2 N(0,1) ๐ก(๐−1) ๐ผเต 2 1-α z t ๐ โ ๐ Determining n when estimating p sample size ๐2 ๐ = 2 ๐ฦธ โ ๐เท ๐ธ Margin of Error (The amount “within”) Based on the level of confidence Known from a previous example Or assume both equal 1/2 Recall we always round up when finding n Know your KEY words!! Estimate with ___% confidence…. ________________________________ The average/mean ________________________________ The proportion/% What sample size is needed to …. ________________________________ ________________________________ Example 1: The city manager would like to estimate the average rent the tenants in his town pay. A random sample of 40 renters was obtained and the average rent for them was $1250 per month with standard deviation $125. Estimate with 99% confidence the average rent per month the tenants in his town pay. The city mayor would like to estimate the proportion of renters that pay over $2000 per month for rent. The mayor would like the estimate to be within 3% with 99% confidence. What sample size should the city mayor use?