vault backup: 2024-01-25 14:05:30
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@ -42,15 +42,18 @@ Throughout this chapter, percentages are often represented by referencing a box
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The expected value for a sample percentage equals the population percentage. The standard error for that percentage = `(SE_sum/sample_size) * 100%`.
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The expected value for a sample percentage equals the population percentage. The standard error for that percentage = `(SE_sum/sample_size) * 100%`.
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To determine by how much the standard error is affected, if $n$ is the proportion that the population changed by, the standard error will change by $\frac{1}{\sqrt{n}}$.
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To determine by how much the standard error is affected, if $n$ is the proportion that the population changed by, the standard error will change by $\frac{1}{\sqrt{n}}$. For example, if a population changed from 20 to 40, that change was by a proportion of 2, and so you would say the standard error decreased by $\frac{1}{\sqrt{2}}$.
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Accuracy in statistics refers to how small the standard error is. A smaller standard error means your data is more accurate.
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Accuracy in statistics refers to how small the standard error is. A smaller standard error means your data is more accurate. As the sample size increases, the percentage standard error decreases.
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You can use the below equation to find the percentage standard error of a box model that has ones and zeros. the % of ones and zeros should be represented as a proportion (EG: `60% = 0.6`).
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You can use the below equation to find the percentage standard error of a box model that has ones and zeros. the % of ones and zeros should be represented as a proportion (EG: `60% = 0.6`).
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$$ \sqrt{\frac{(\%\space of\space 1s)(\%\space of\space 0s)}{num_{draws}}} $$
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$$ SE_\% = \sqrt{\frac{(\%\space of\space 1s)(\%\space of\space 0s)}{num_{draws}}} $$
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If asked if an observed % is reasonable, you can calculate the z score, and if the z score is more than 2-3 standard deviations away.
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If asked if an observed % is reasonable, you can calculate the z score, and if the z score is more than 2-3 standard deviations away.
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## Sampling Distributions
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(Ch 23, stat 1040)
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(Ch 23, stat 1040)
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Take a sample, find the average, plot it and repeat. After many many samples, the empirical probability histogram for sample averages
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looks like the theoretical probability
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histogram.
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