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In this video, we're going to look at a mini tab output.
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Minitab is a statistical software package that many schools have their students use in the statistical courses that they're taking, and also many businesses use when they're doing statistical analysis for their applications.
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And with the mini tab output, the main thing is just learning how to read the table of information it gives you and how to interpret the results.
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So here for our mini -tap output, the program was run with the one -sample -t test, and the variable is the sex frequency.
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Your sample size n is 357, and normally in statistics we use small -case n for our sample size and capital n for the population size, just in terms of the readout for minitab, even though it says capital n, that is my sample size of 357.
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The mean is 7 .678.
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The standard deviation is 6 .843.
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Standard error of the mean is 0 .362.
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And my 95 % confidence interval has a lower bound of 6 .966 and an upper bound of 8 .6 .6 .6.
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0 .390.
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So that just kind of overviews what we have for the readout.
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And now let's answer the specific question.
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So what is the point estimate of the population mean? and remember, mu is the symbol for the population mean.
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So that could be worded out as the population mean, or they could actually just say mu.
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And it is portraying to you the same question.
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Well, the point estimate of your population mean is your sample mean.
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And in this readout, the sample mean is the 7 .678.
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How about for the margin of error? well, the margin of error isn't specifically given to you here, but it's embedded within the process.
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Just kind of recall that when we made our confidence intervals for our population mean, our lower bound was the x bar minus the t sub alpha over two, times s over the square root of n.
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And the upper bound was x bar plus t sub alpha over two times s over the square root of n.
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And this t sub alpha over two times s over the square of n, that is your margin of air.
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That's your e.
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So if you have this upper bound number and you subtract off the x bar, you're left with e.
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So here, our upper bound is 8 .390 minus my mean is 7 .678.
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And when i do that subtraction, i get a margin of error.
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E equal to 0 .712.
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Now, what's the next question? interpret the confidence interval.
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So when we want to interpret the confidence interval, we need to state what our level of confidence is and what parameter we're talking about.
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So here it was a 95 % confidence level, and it's about the population mean.
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So we are 95 % confident...