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  • Confidence Intervals: Aka Interval Estimate Foo Wee Nee Kevin Kong Jun Wai

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    HongMing
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    This document discusses confidence intervals, which provide a range of values that is likely to contain an unknown population parameter, based on a sample from the population. Confidence intervals show how sure we can be that the range includes the true value, depending on the sample size. They help determine uncertainty in estimates and express how far off results might be from the actual population values. Common confidence levels are 90%, 95%, and 99%, indicating the probability that the true parameter falls within the calculated interval.

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    Confidence Intervals

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    Confidence Intervals

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    This document discusses confidence intervals, which provide a range of values that is likely to contain an unknown population parameter, based on a sample from the population. Confidence intervals show how sure we can be that the range includes the true value, depending on the sample size. They help determine uncertainty in estimates and express how far off results might be from the actual population values. Common confidence levels are 90%, 95%, and 99%, indicating the probability that the true parameter falls within the calculated interval.

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    © All Rights Reserved
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    13 visualizações5 páginas

    Confidence Intervals: Aka Interval Estimate Foo Wee Nee Kevin Kong Jun Wai

    Enviado por

    HongMing
    This document discusses confidence intervals, which provide a range of values that is likely to contain an unknown population parameter, based on a sample from the population. Confidence intervals show how sure we can be that the range includes the true value, depending on the sample size. They help determine uncertainty in estimates and express how far off results might be from the actual population values. Common confidence levels are 90%, 95%, and 99%, indicating the probability that the true parameter falls within the calculated interval.

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    © All Rights Reserved
    Baixe no formato PPTX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 5

    Confidence

    Intervals
    Aka interval estimate
    Foo Wee Nee
    Kevin Kong Jun Wai

    If we consider everything we know, we


    actually know 2 things
    What we know
    How sure we are about it

    Important in estimation and determining


    the uncertainty - process of determining
    a likely value for a population parameter
    based on a random sample

    How wrong the results are from the true


    values in the study population
    May be used for categorical and
    numerical data
    Expressed as percentage or a probability
    that a specified interval will contain the
    population parameter

    90%, 95%, 99%


    True value probably lies within this
    region, where probably means 95%
    likely
    Eg:
    Birth weight mean = 3.55kg (lower CI:
    3.35kg; upper CI: 3.76kg)

    Larger sample gives narrower CI => less


    uncertainty

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