Module 3 Excel Utility

This workbook contains two utilities related to confidence intervals. Click on the appropriate worksheet tab to access the desired utility. 1. Confidence interval utility. Calculates confidence intervals for specified: - sample mean or - sample proportion - sample standard deviation - sample size - sample size - level of confidence - level of confidence 2. Sample size utility. Calculates the minimum sample size for a confidence interval for specified: - sample standard deviation - level of confidence - confidence interval width

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Introduction

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Confidence Interval Utility

Type of Estimate: Sample Size: Input Area n >= 30 n x-bar s confidence level Center of Interval z*s/sqrt(n) Lower end of int'l Upper end of int'l Interval width 1-confidence level (1-confidence level)/2 z sqrt(n) s/sqrt(n) 100 5 10 0.95 5.00 1.96 3.04 6.96 3.92 0.05 0.025 1.96 10.00 1.00 Mean n < 30 n x-bar s confidence level Center of Interval t*s/sqrt(n) Lower end of int'l Upper end of int'l Interval width 1-conf t sqrt(n) s/sqrt(n) 20 5 10 0.95 5.00 4.68 0.32 9.68 9.36 0.05 2.09 4.47 2.24 Proportions n >= 30 n p-bar confidence level 100 0.5 0.95

Output Area

Center of Interval z*s/sqrt(n) Lower end of int'l Upper end of int'l Interval width 1-confidence level (1-confidence level)/2 z (p)(1-p) s = sqrt[(p)(1-p)} sqrt(n) s/sqrt(n) Check assumptions: np>5 n(1-p) > 5

0.50 0.10 0.402 0.598 0.20 0.05 0.025 1.96 0.25 0.50 10.00 0.05

Other Calculations

OK OK

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Confidence Intervals

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Sample Size Utility

Type of Estimate: Input Area

Mean
Sample Standard Deviation, s Desired Accuracy: Half Width of Interval, d Confidence level Required Sample Size 1-confidence level (1-confidence level)/2 z z*s z*s/d Minimal n 50 5 0.95 385 0.05 0.025 1.96 98.00 19.60 384.15

Proportion
Estimate of p Desired Accuracy: Half Width of Interval, d Confidence level Required Sample Size 1-confidence level (1-confidence level)/2 z (p)(1-p) s = sqrt[(p)(1-p)} z*s = {z*sqrt[(p)(1-p)]} z*s/d = {z*sqrt[(p)(1-p)]}/d Minimal n to ensure np>5 Minimal n to ensure n(1-p)>5 Minimal n to ensure d < (zs/sqrt(n)) Minimal n to satisfy all constraints 0.5 0.02 0.95 2,401 0.05 0.025 1.96 0.25 0.50 0.98 49.00 10.0 10.0 2,400.9 2,400.9

Output Area Other Calculations

Assumptions: Sample Size will be above 30. If not, raise sample size to 30 to make assumptions valid. Proportion Estimate is the maximum you expect p to be. If you don't have a good estimate of the proportion, use p = .5, which gives maximal standard deviation.

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Sample Size

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