Académique Documents
Professionnel Documents
Culture Documents
Research Methods
Frequency (number of
people making deposits
Amount (in Rs.) in each range)
Amount Percent
less than 3,000 16
3,000 - 4,999 17
5,000 - 9,999 18
10,000 - 14,999 23
15,000 or more 26
100
Probability Distribution of
Amounts of Deposits
Amount Probability
less than 3,000 .16
3,000 - 4,999 .17
5,000 - 9,999 .18
10,000 - 14,999 .23
15,000 or more .26
1.00
Measures of Central Tendency
• Mean - arithmetic average
– µ, Population; X , sample
• Median - midpoint of the distribution
• Mode - the value that occurs most often
Population Mean
X
i
N
Sample Mean
Xi
X
n
Number of Sales Calls Per Day
by Salespersons
Number of
Salesperson Sales calls
Mike 4
Patty 3
Billie 2
Bob 5
John 3
Frank 3
Chuck 1
Samantha 5
26
Sales for Products A and B,
Both Average 200
Product A Product B
196 150
198 160
199 176
199 181
200 192
200 200
200 201
201 202
201 213
201 224
202 240
202 261
Measures of Dispersion
• The range
• Standard deviation
Measures of Dispersion
or Spread
• Range
• Mean absolute deviation
• Variance
• Standard deviation
The Range
as a Measure of Spread
• The range is the distance between the smallest
and the largest value in the set.
• Range = largest value – smallest value
Deviation Scores
4 High dispersion
(X i X )
0
n
Mean Squared Deviation
( Xi X )
2
n
The Variance
Population
2
Sample
2
S
Variance
X X ) 2
S
2
n 1
Variance
• The variance is given in squared units
• The standard deviation is the square root of
variance:
Sample Standard Deviation
Xi X 2
S
n 1
Population Standard Deviation
2
Sample Standard Deviation
S S 2
Sample Standard Deviation
Xi X 2
S
n 1
The Normal Distribution
• Normal curve
• Bell shaped
• Almost all of its values are within plus or
minus 3 standard deviations
• I.Q. is an example
Normal Distribution
MEAN
Normal Distribution
-2 -1 0 1 2 z
The Standardized Normal is the
Distribution of Z
–z +z
Standardized Scores
x
z
Standardized Values
• Used to compare an individual value to the
population mean in units of the standard
x
deviation
z
Linear Transformation of Any Normal
Variable Into a Standardized Normal Variable
X
x
z
-2 -1 0 1 2
•Population distribution
•Sample distribution
•Sampling distribution
Population Distribution
x
Sample Distribution
_
C S X
Sampling Distribution
X SX X
Standard Error of the Mean
• Standard deviation of the sampling
distribution
Central Limit Theorem
Standard Error of the Mean
Sx
n
Distribution Mean Standard
Deviation
Population
Sample X S
Sampling X SX
Parameter Estimates
• Point estimates
• Confidence interval estimates
Confidence Interval
S
S x
n
S
X Z cl
n
Random Sampling Error and
Sample Size are Related
Sample Size
• Variance (standard
deviation)
• Magnitude of error
• Confidence level
Sample Size Formula
zs
n
E
Sample Size Formula - Example
1.9629.00
2 2
zs
n
E 2.00
2
56.84
28.42 2
808
2.00
Sample Size Formula - Example
1.9629.00
2 2
zs
n
E 4.00
2
56.84
14.212
202
4.00
Calculating Sample Size
99% Confidence
2
2
( 2.57)(29) ( 2.57)(29)
n n
2 4
74.53
2 2
74.53
2 4
[
37.265] 18.6325]
[
2 2
1389 347
Standard Error of the Proportion
sp
pq
n
or
p (1 p )
n
Confidence Interval for a
Proportion
p ZclSp
Sample Size for a Proportion
2
Z pq
n 2
E
z2pq
n 2
E
Where:
n = Number of items in samples