STAT231 Lecture Notes - Standard Deviation, Sampling Distribution, Quadratic Equation
17 Jan 2014
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Example: driving to toronto: give a confidence interval for the average driving time from waterloo to toronto. If you plan for the average driving time, you will arrive late half the time and early the other half: you have tickets for the toronto fringe theater festival. Give a confidence interval for driving to toronto for this one drive: the confidence interval for one particular drive is wider than that for the average. One sample prediction: assume the one sample model. , r~g(0: so far, we have learned how to. Quantify the uncertainty of the estimation (confidence interval) One sample prediction: a single new data point drawn from this model has expectation and standard deviation , y0 is the random variable for the new point, we don"t know and , we only know their. Y0~g( , ) estimates: we also know the sampling distribution for . One sample prediction: the error of the point estimate is given by.
