Chapter 12, number 1a in our fast track book asks us to find a 97% confidence interval for the true population slope. To do so, we must understand both our formula for confidence intervals and the computer printout.
Formula
b - t (E) < B < b + t(E)
where b is our given slope value from the printout. (Coefficient for Registrations) = 9.2472
E is our standard error of the coefficient for the slope. (SE coef for Registrations) = .2145
and "t" is our t-score.
Since B is the parameter we are trying to estimate, it would not make sense to use it in our formula to find "t". Therefore "t" is taken straight from our student's t-distribution chart. The degrees of freedom is seven and we look across for 97%. However, we see there is only a value given for 95% and 98% in our Actual textbook. The value at 95% IS 2.365 and the value at 98% is 2.998. Therefore 97% falls somewhere in between. A good estimate of this can be made around 2.75 however, the Fast Track book reveals its exact answer to be 2.715.
So, since
b - t (E) < B < b + t(E)
9.2472 - 2.715 (.2145) < B < 9.2472 + 2.715 (.2145)
Since we likely would use an estimate of "t" and not the exact value in this case, 2.7 or 2.75 would have sufficed. However, I believe it likely that on the AP exam, they will give a value that is easily obtained from the chart or easily estimated.
Any more questions on this can be answered tomorrow.
Tuesday, May 10, 2016
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