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7/24/2019 ADJ COMP - Samples
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RELIABILITY OF SAMPLE ESTIMATES FOR POPULATION
How reliable or confidence is the mean and variance of sample estimating the
population mean and variance can be determined based on sampling distribution
theory and statistical hypothesis testing.
Sampling distribution theory states that the estimates for the mean and
variance vary from sample to sample and have their own population distributions.
Three distributions (Chi-square, t and F) used for quantifying the reliability of
mean and variance estimates.
Based on these distributions, confidence interval can be determined within
which the population mean and variance can be expected to fall at any given
level of confidence or probability.
Statistical test using chi-square distribution is to check if the sample varianceis a valid estimate for the population variance. Statistical test using t distribution
is to check if the sample mean is a valid estimate for the population mean.
Statistical test using F distribution is to check whether the ratio of two variances
is statistically equal to 1.
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Population of 100 values (Mean = 26.1; Variance = 17.5)
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Increasing sample sizes
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Random sample sets from a population
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