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Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Test 2 Review
Betsy Greenberg
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
Confidence Intervals
Hypothesis Tests
Using StatTools
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
What to bring
ID
2 pages of notes (both sides)
Pencils
Blank paper will be provided
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
All of Chapter 9
Chapter 10 except for 10.7
All of Chapter 11
Chapter 12 except for 12.5 and 12.6
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Sampling Distribution of p
p(1
p)
n
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Sampling Distribution of y
If yi has mean and standard
deviation
,
P y1 ++y
n
y =
has mean
n
If the yi s are independent,
the standard deviation = n
Since is typically unknown,
it will be estimated with the
sample standard deviation, s
The standard error is
Betsy Greenberg
Elementary Business Statistics Inference Review
s
n
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Statistical Inference
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Confidence Intervals
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Confidence Intervals
The confidence level C , shows how confident we are that the
procedure will catch the true population parameter.
The procedures give confidence intervals that C% of the time
will include the true population parameter
Type of Problems
Proportions
Mean
Matched pairs
Two (independent) samples
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
= Number of successes
number of trials
q
p)
X
n
Critical Value: z
Margin of Error:
z SE
Betsy Greenberg
Elementary Business Statistics Inference Review
p(1
p)
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
NORM.INV(0.025, 0, 1)
Betsy Greenberg
Elementary Business Statistics Inference Review
and
NORM.INV(0.975,0,1)
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
NORM.INV(0.005, 0, 1)
Betsy Greenberg
Elementary Business Statistics Inference Review
and
NORM.INV(0.995,0,1)
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
s
n
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
s12
s2
+ 2
n1 n2
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
T.INV(0.025, df)
Betsy Greenberg
Elementary Business Statistics Inference Review
and
T.INV(0.975, df)
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
T.INV(0.005, df)
Betsy Greenberg
Elementary Business Statistics Inference Review
and
T.INV(0.995, df)
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Hypothesis Tests
Hypotheses State claims, H0 and Ha , about a population in terms
of the population parameter
Model Are the Independence, Randomness, 10% Condition,
and Sample Size Conditions satisfied?
Mechanics Calculate the test statistic and P-value
p p0
z=q
p0 (1p0 )
n
t=
y 0
s
n
t=
(
y1 y2 ) 0
q 2
s1
s22
+
n1
n2
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Hypothesis Tests
Hypotheses State claims, H0 and Ha , about a population in terms
of the population parameter
Model Are the Independence, Randomness, 10% Condition,
and Sample Size Conditions satisfied?
Mechanics Calculate the test statistic and P-value
value from data value from H0
SE
Conclusion Compare the P-value and the significance level,
If the P-value , reject H0 . Say the results are
statistically significant.
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Error probabilities
= P(Type I error)
= P(reject H0 when H0 is true)
= significance level
= P(Type II error)
= P(fail to reject H0 when H0 is false)
depends on the true value of p
Power = 1
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
One-tailed tests
HA : p > p0
=1-NORM.DIST( p,
p0 ,
p0 (1p0 )
n
, 1)
HA : p < p0
=NORM.DIST(p,
p0 ,
p0 (1p0 )
n
, 1)
Two-tailed test
HA : p 6= p0
Double one of the above
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
HA : < 0
Use =T.DIST(t,deg freedom,1)
Two-tailed test
HA : 6= 0
Use =T.DIST.2T(ABS(t),deg freedom)
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs
Sampling Distributions
Confidence Intervals
Hypothesis Tests
Using StatTools
Proportions
Make a table with your data giving categories and either
counts or proportions
Change data format to Summary Table with Counts or
Summary Table with Proportions
Means
Make fake data and use the appropriate StatTools procedure
Correct the results by changing the sample size, mean, and
standard deviation
Betsy Greenberg
Elementary Business Statistics Inference Review
McCombs