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HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Chapter 7 Technology

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Page 1: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Chapter 7

Technology

Page 2: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.1: Using a TI-83/84 Plus Calculator to Calculate the Standard Score for a Sample Mean

Find the value of z for the sample mean using the formula from the Central Limit Theorem given that

SolutionThe formula we need is the equation of the z-value for a sample mean in a sampling distribution from the Central Limit Theorem. Let’s begin by substituting the given values into the equation.

34, 35, 5 100, and .x n

Page 3: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.1: Using a TI-83/84 Plus Calculator to Calculate the Standard Score for a Sample Mean (cont.)

Now we need to enter this into the calculator. We must make sure that we put parentheses around the numerator and the denominator.

34 355

100

xz

n

Page 4: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.1: Using a TI-83/84 Plus Calculator to Calculate the Standard Score for a Sample Mean (cont.)

Enter the following into the calculator: (34Þ35)/(5/ð(100)). Press . Thus, z = 2.

Page 5: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.2: Using a TI-83/84 Plus Calculator to Calculate the Standard Score for a Sample Proportion

Find the value of z for the sample proportion using the formula from the Central Limit Theorem given that

SolutionThe formula we need is the equation of the z-value for a sample proportion in a sampling distribution from the Central Limit Theorem. Let’s begin by substituting the given values into the equation.

ˆ= 0.56, = 0. , and54 = . 81p p n

Page 6: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.2: Using a TI-83/84 Plus Calculator to Calculate the Standard Score for a Sample Proportion (cont.)

Now we need to enter this into the calculator. We must make sure that we put parentheses around the numerator and the denominator.

ˆ 0.56 0.54

1 0.54 1 0.5481

p pz

p pn

Page 7: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.2: Using a TI-83/84 Plus Calculator to Calculate the Standard Score for a Sample Proportion (cont.)

Enter the following into the calculator: (0.56Þ0.54)/ ð(0.54(1Þ0.54)/81). Press . Thus, z ≈ 0.36.

Page 8: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.3: Using Microsoft Excel to Calculate the Standard Score for a Sample Mean

Find the value of z for the sample mean using the formula from the Central Limit Theorem given that

SolutionRecall that the Central Limit Theorem states that the standard deviation of a sampling distribution of sample means, equals the standard deviation of the population divided by the square root of the sample size.

34, = 35, = , and5 = 1 0 0 .x m s n

,x

Page 9: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.3: Using Microsoft Excel to Calculate the Standard Score for a Sample Mean (cont.)

That is, The formula for calculating the value

of z in Microsoft Excel is =STANDARDIZE(x, mean, standard_dev). Applying the Central Limit Theorem, we input =STANDARDIZE(34, 35, 5/SQRT(100)). Just as we found in Example T.1, z = −2.

.x n

Page 10: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.4: Using Microsoft Excel to Calculate the Standard Score for a Sample

Find the value of z for the sample proportion using the formula from the Central Limit Theorem given that

SolutionHere we will use Enter

=STANDARDIZE(0.56, 0.54, SQRT(0.54*(1-0.54)/81)) into Excel. The answer, 0.361158, is displayed. Thus, z ≈ 0.36.

ˆ 0.56, = 0.5 , and4 = . 81p p n

ˆ

1.p

p pn

Page 11: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.5: Using MINITAB to Calculate Standard Scores for Sample Means

The call processing times at an emergency dispatch center have a population mean of 45 seconds and a standard deviation of 50 seconds. Five operators are evaluated using random samples of the calls they have handled. The total number of calls sampled and the corresponding mean processing time for each operator are displayed in the table below. Find the z-score for each sample mean.

Call Processing Times (in Seconds) n 98 85 105 110 91

Sample Mean 52 48 63 45 55

Page 12: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.5: Using MINITAB to Calculate Standard Scores for Sample Means (cont.)

SolutionFirst, enter the data into columns C1 and C2 in the worksheet. The first column is n, the number of calls sampled, and the second column contains each operator’s sample mean. Go to Calc Calculator ► and enter the following expression: (C2-45)/(50/SQRT(C1)). Choose to store the result in column C3 and click OK. The dialog box appears as follows.

Page 13: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.5: Using MINITAB to Calculate Standard Scores for Sample Means (cont.)

Page 14: HAWKES LEARNING SYSTEMS Students Matter. Success Counts. Copyright © 2013 by Hawkes Learning Systems/Quant Systems, Inc. All rights reserved. Chapter 7

HAWKES LEARNING SYSTEMS

Students Matter. Success Counts.

Copyright © 2013 by Hawkes Learning

Systems/Quant Systems, Inc.

All rights reserved.

Example T.5: Using MINITAB to Calculate Standard Scores for Sample Means (cont.)

The column produced contains the z-score for each operator.