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NOTES: STANDARD DEVIATION 4Textbook Chapter 11.1, 11.3 OBJECTIVE:Today you will learn about standard deviation and the normal curve! There are three ways that we can measure how spread out the data
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01
Calculate the sample mean and standard deviation.
02
Determine the confidence level you want to use (usually 90%, 95%, or 99%).
03
Find the critical value for the chosen confidence level and degrees of freedom.
04
Calculate the margin of error using the formula: margin of error = critical value * (standard deviation / √sample size).
05
Calculate the lower and upper bounds of the confidence interval by subtracting and adding the margin of error to the sample mean.

Who needs 81 a confidence interval?

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Researchers conducting studies and experiments who want to estimate a population parameter with a certain level of confidence.
02
Statistician analyzing data and making inferences about a population based on a sample.
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A confidence interval is a range of values that is likely to include the true value with a certain level of confidence.
Organizations or individuals who are conducting certain types of projects or studies that require reporting confidence intervals.
To fill out a confidence interval, gather the necessary data, calculate the interval using statistical methods, and report the results accurately.
The purpose of a confidence interval is to provide a range of values within which the true value is likely to fall with a certain level of confidence.
The confidence level, margin of error, sample mean, and sample size must be reported on a confidence interval.
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