Confidence Intervals
Stats 67
Always do Point Estimate +/- Margin of Error. z star and t star refer to the critical values from the confidence level; i.e. 95% corresponds to qnorm(0.975) and qt(0.975, df).
- Margin of error will always equal the critical value times the standard error, i.e. ME = t star * SE / z star * SE
Must satisfy three conditions to have a valid confidence interval: Random Sample, Independent Sample, Large Enough Sample (n ≥ 30 for mean confidence intervals, np ≥ 10 AND n(1-p) ≥ 10 for proportion confidence intervals)
- The large enough condition can also be satisfied if the population has a bell shaped curve