Module 8 Computing The Point Estimate of A Population Mean
Module 8 Computing The Point Estimate of A Population Mean
Assessment 5 and 6
Recitations
Performance Task 2 (next week)
Chapter Test 1 (next week)
ESTIMATION OF PARAMETERS: COMPUTING
THE POINT ESTIMATE OF A POPULATION MEAN
Objectives
• understand the concept of estimation;
• distinguish between point estimate and interval
estimate; and
• find the point estimates of population means and
proportions.
estimate
An estimate is a value or a range of values that
approximate a parameter. It is based on sample
statistics computed from a sample data.
An estimate is a value or a range of values that
approximate a parameter. It is based on sample
statistics computed from a sample data.
12 10 16 16 12 15 12 12 9 15 129 12.90
10 20 20 12 10 10 16 10 18 12 138 13.80
15 12 15 14 15 16 15 12 8 8 130 13.00
MEAN
8 8 10 18 10 13 8 10 8 10 103 10.30
12 10 16 16 12 15 12 12 9 15 129 12.90
10 20 20 12 10 10 16 10 18 12 138 13.80
15 12 15 14 15 16 15 12 8 8 130 13.00
45 50 61 60 47 54 41 44 43 45
MEAN 11.25 12.50 15.25 15.00 11.75 13.50 12.75 11.00 10.75 11.25
12.50
1 1 .25+12.50+. . .+11.25
𝑥= =12.50
10
Sample Row Sum of Scores Mean Sample Column Sum of Scores Mean
1 45 11.25
1 103 10.30
2 50 12.50
2 129 12.90 3 61 15.25
3 138 13.80 4 60 15.00
3. Based on the observation of the mean, would you patronize the restaurant?
8 8 10 18 10 13 8 10 8 10
12 10 16 16 12 15 12 12 9 15
10 20 20 12 10 10 16 10 18 12
15 12 15 14 15 16 15 12 8 8
population parameters are usually unknown fixed values. But, there is a way to
determine them. In an example, there are two ways to report the results.
1. Report a number that describes the average wait time. The number is called point of
estimate. The point of estimate is a specific numerical value of the population
parameter. The sample mean is the best point of estimate of the population mean.
2. Report a range of values that contains the number that truly describes the wait time.
This is called interval estimate. Interval estimate is a range of values that may
contain the parameter of a population.
A good estimator has the following properties:
1. When the mean of a sample statistic from a large number of
the different random samples equals to true population
parameter, then the sample statistic is an unbiased estimate
of the population parameter.
A good estimator has the following properties:
1. When the mean of a sample statistic from a large number of
the different random samples equals to true population
parameter, then the sample statistic is an unbiased estimate
of the population parameter.
2. Across the many repeated samples, the estimate are not very
far from the true parameter value.
Other than the mean, we also compute the standard deviation s to describe
the dispersion of the scores in a distribution. The standard deviation is the
square root of the variance. So, we compute the variance first. Then, we
extract the square root of the result to get the value of the standard deviation.
Recall: VARIANCE :
STANDARD DEVIATION:
where:
= ‘sum of’ = overall mean
= ‘column mean’ = number of cases
Solution:
Variance
Standard Deviation
Variance (Sample)
2. You were given the following set of numbers.
8 32 25 16 14 20 35
Find the variance and standard deviation.
1. Compute the sample mean.
Variance (Sample)
You were given the following set of numbers.
8 32 25 16 14 20 35
Standard Deviation
Sample Variance
Let’s try this:
1. You were given the following set of numbers.
78 89 89 80 85
86 86 79 78 78
80 88 92 85 87
85 80 81 82 86
Find the: 85 88 96 82 87