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Quants Formula Page
Quants Formula Page
Confidence Interval
Average score=100. Std. Deviation =24. Probability that for a sample size
64, sample mean of scores would be between 92 and 108.
P(92< x <108)
92- < z < 108-
/n
/n
C. (-2.67< z < 2.67) =
D. 1 - 2 * P( z > 2.67) =
P(z<108) - P(z<92) =
E. 1 - 2(0.0038) = 0.9924
Hypothesis Testing
| If numbers are the same
| If numbers are not the same
Estimate average scores of clients. Sample 64. Mean 107. Sample std.
deviation 18. Make a 75% confidence interval for the true mean score.
If we have confidence interval of 75%:
=1-Confidence interval
=1-0.75=0.25
Error
x z/2 (/n)
Confidence Interval
x/n z/2
x = # of people in favor or against
n = Total Number
Hypothesis Testing
H0: =100 > Always equals
H1: >100 > The opposite of what im trying to test
=100 (number they are asking me to check for);
=0.05 (Significance Level); s=18; n=64; x=107;
c=critical value; If i don't have s then use .
Method 1) c =
Method 2) z = (x -
z
You look for 0.95 in Z table = 1.64
Reject H0
Confidence Interval