Slide 1Estimation and Confidence Intervals Chapter 09 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Slide 2 LEARNING OBJECTIVES…

Slide 1BUS 220: ELEMENTARY STATISTICS Chapter 9: Estimation and Confidence Intervals Slide 2 2 GOALS 1. Define a point estimate. 2. Define level of confidence. 3. Construct…

Slide 1 Sampling Plans Slide 2 Basic Sampling Concepts Population – The aggregate of cases in which a researcher is interested Sampling – Selection of a portion of the…

9-* Point and Interval Estimates A point estimate is the statistic (single value), computed from sample information, which is used to estimate the population parameter. A…

Estimation and Confidence Intervals Point Estimates A point estimate is a single value (point) derived from a sample and used to estimate a population value. 9-* C.I. = point…