PRESENTED BY :

PRAVEEN KR. SINGH(M/34)

RAHUL PANDEY(M/37)
SHIVENDER BHARGAV(M/51)
U.PRABIR JAISWAL(M/61)
ASHUTOSH SHARMA(M/67)
ESTIMATION
 Population Parameters
Estimated
Estimate Population with Sample
Parameter... Statistic
_
Mean  X
Proportion p ps
2
Variance  2
s
_ _
 Confidence Intervals

X  Z  X  X  Z 
n x_
_
X
  1 . 645  x   1 . 645  x
90% Samples

  1 . 96  x   1 . 96  x
95% Samples

  2 . 58  x   2 . 58  x
99% Samples
Confidence Interval Estimates

Confidence
Intervals

Mean Proportion

Finite
 Known Population
CASE ONE
SOLUTION :
 CASE TWO(2)
 Find a 95% confidence interval for
p, the proportion of small
businesses in favor of a tax
increase to decrease the national
debt, if a random sample of 1000
found the number of businesses in
favor of increased taxes was 50.
Solution
pˆ  50  .05, so qˆ  .95and the confidence
1000
interval is

(.05)(.95)
.05  1.96 = .05  .014 
1000
(.036, .064)
Interpreting Confidence Intervals

 Correct: We are 95% confident that the

interval from .036 to .064 actually does
contain the true value of p. This means
that if we were to select many different
samples of size 1000 and construct a 95%
CI from each sample, 95% of the resulting
intervals would contain the value of the
population proportion p. (.036, .064) is
one such interval. (Note that 95% refers to
the procedure we used to construct the
interval; it does not refer to the population
proportion p)
CASE 3 (THREE)
 THE INFORMATION GIVEN IS :

 CONFIDENCE LEVEL (1-α )= 95 PERCENT.

 AT 95 % CONFIDENCE INTERVAL, Z= 1.96

 X ± z α/√n =1250 ± 1.96 *150/√100=1250±29.40

 Thus for 95% level of confidence,the population

mean μ is likely to fall between 1220.60 units and
1274.40 units ,that is, 1220.60≤ μ ≤ 1274.40
CASE (FOUR)
SOLUTION
CASE(FIVE) Sample Size for Mean

What sample size is needed to be 90%

confident of being correct within ± 5? A pilot
study suggested that the standard deviation is
45.

2 2 2 2
Z  1645
. 45
n   219.2  220
2 2
Error 5
Round Up
What sample size is needed to be within ± 5 with
90% confidence? Out of a population of 1,000, we
randomly selected 100 of which 30 were defective.

2 2
Z p ( 1  p ) 1 . 645 (. 30 )(. 70 )
n 2
 2
 227 . 3
error . 05

 228
Round Up