Shiju S
asked on
Calculate 95 % Confidence Level for Mean, StandarDeviation
Hi Experts
How can we Calculate 95 % Confidence Level for Mean, StandarDeviation
formulae or methods will be helpful
Thanks
How can we Calculate 95 % Confidence Level for Mean, StandarDeviation
formulae or methods will be helpful
Thanks
Assuming a Gaussian distribution it would be Mean ± 1.95996 StandarDeviation
dear friend
we have properties of normal distribution to find the different level of confidence between mean and standar devision.
In normal distribution we have equation for 68.26%confidence between mean and standar deviation is
mean ± standard deviation
and
equation for 95%confidence between mean and standar deviation is
mean ±1.96 standar deviation
and
equation for 99.73%confidence between mean and standar deviation is
mean ±3 Standar deviation
hopes it will works for u
we have properties of normal distribution to find the different level of confidence between mean and standar devision.
In normal distribution we have equation for 68.26%confidence between mean and standar deviation is
mean ± standard deviation
and
equation for 95%confidence between mean and standar deviation is
mean ±1.96 standar deviation
and
equation for 99.73%confidence between mean and standar deviation is
mean ±3 Standar deviation
hopes it will works for u
ASKER
>>mean ±1.96 standar deviation
>> mean ±3 Standar deviation
These are generally accepted formulae ?
>> mean ±3 Standar deviation
These are generally accepted formulae ?
ASKER
i mean to say that , shall i directly use this formula in my applications
can u provide such values for different % confidence levels ..
can u provide such values for different % confidence levels ..
They are for Gaussian distributions.
can u explin briefly what u want
You can if your application uses a Normal distribution.
Other values are
±0.67 sd 50%
±1.00 sd 68.26%
±1.65 sd 90%
±1.96 sd 95%
±2.00 sd 95.44%
±2.58 sd 99%
±3.00 sd 99.93%
Other values are
±0.67 sd 50%
±1.00 sd 68.26%
±1.65 sd 90%
±1.96 sd 95%
±2.00 sd 95.44%
±2.58 sd 99%
±3.00 sd 99.93%
here is another
If a statistic is normally distributed and the standard error of the statistic is known, then a confidence interval for that statistic can be computed as follows:
statistic ± (z) (σ )
where σ is the standard error of the statistic. For instance, the confidence interval for the mean is:
now u can use the formula by giving the value of z from the table of normal distribution .
or
mean ± (z) (σ )
asif
If a statistic is normally distributed and the standard error of the statistic is known, then a confidence interval for that statistic can be computed as follows:
statistic ± (z) (σ )
where σ is the standard error of the statistic. For instance, the confidence interval for the mean is:
now u can use the formula by giving the value of z from the table of normal distribution .
or
mean ± (z) (σ )
asif
Sorry previous answers are not fully control
for alfa = 0,05
confidence is = 1,96 * standard deviation / sqrt (n)
where n is sample size.
this is formula used by Excel, it is also not exact, for better result you have to use t - kvantil, not
z - as Excel is using
x +/- 1,96 as previous answer says is a Range Size where is 95 % of values
Confidence interval is something different.
Not exactly, it is range where with 95% probability that real mean
is in which (Real mean is mean from infinit values). So if you have high deviation you must to hevi high 1,96*deviation but it is not mean
that your confidence for mean is high.
if you have a distribution with high deviation, but you have enought measurment your confidence interval
can be low.
You can calculate also confidance for standard deviation, it is
for confidencer of stdev:
it is higher than
(n-1) Stdev*Stdev/(chi -kvadrat (n-1, 0.025)) and lower
(n-1) Stdev*Stdev/(chi -kvadrat (1-n-1,1- 0.025))
I can not write index, I hope zou understand.
for alfa = 0,05
confidence is = 1,96 * standard deviation / sqrt (n)
where n is sample size.
this is formula used by Excel, it is also not exact, for better result you have to use t - kvantil, not
z - as Excel is using
x +/- 1,96 as previous answer says is a Range Size where is 95 % of values
Confidence interval is something different.
Not exactly, it is range where with 95% probability that real mean
is in which (Real mean is mean from infinit values). So if you have high deviation you must to hevi high 1,96*deviation but it is not mean
that your confidence for mean is high.
if you have a distribution with high deviation, but you have enought measurment your confidence interval
can be low.
You can calculate also confidance for standard deviation, it is
for confidencer of stdev:
it is higher than
(n-1) Stdev*Stdev/(chi -kvadrat (n-1, 0.025)) and lower
(n-1) Stdev*Stdev/(chi -kvadrat (1-n-1,1- 0.025))
I can not write index, I hope zou understand.
Thi what previous answers say is colled
95 percentil (mean) range
95 percentil (mean) range
here is another
If a statistic is normally distributed and the standard error of the statistic is known, then a confidence interval for that statistic can be computed as follows:
statistic ± (z) (standard deviation )
well shijusn
did u know about z-table and t-table in normal distribution
we can find any level of confidence by the help of these tables .
so post me back if u know about them then i will give u a detail infermation how to calculate any confidence interval between mean and standard deviation.
can u give me a sampl data also plze .it will helps me
i am waiting for this
HAVE GOOD TIME
ASIF SHARAZ
did u know about z-table and t-table in normal distribution
we can find any level of confidence by the help of these tables .
so post me back if u know about them then i will give u a detail infermation how to calculate any confidence interval between mean and standard deviation.
can u give me a sampl data also plze .it will helps me
i am waiting for this
HAVE GOOD TIME
ASIF SHARAZ
well shijusn
here we have Z table see the link
http://www.isixsigma.com/library/content/zdistribution.asp
for formula see this link
http://www.ruf.rice.edu/~lane/hyperstat/B9475.html
and how to apply this formula see the link
http://www.ruf.rice.edu/~lane/hyperstat/B7281.html
he solve here the problem for 95% cofidence interval for mean and standard deviation.
here is a option of "next page". He solve it in three pages see all the pages.By the help of this u can find any level of confidence interval for mean and standard deviation.
HAVE GOOD TIME
ASIF SHARAZ
here we have Z table see the link
http://www.isixsigma.com/library/content/zdistribution.asp
for formula see this link
http://www.ruf.rice.edu/~lane/hyperstat/B9475.html
and how to apply this formula see the link
http://www.ruf.rice.edu/~lane/hyperstat/B7281.html
he solve here the problem for 95% cofidence interval for mean and standard deviation.
here is a option of "next page". He solve it in three pages see all the pages.By the help of this u can find any level of confidence interval for mean and standard deviation.
HAVE GOOD TIME
ASIF SHARAZ
ASKER
hi
thanks for the comments
well, i am not an expert in maths.
i dont know much about those distributions.
it would be better if i get formula to find Confidence level for mean and sd
so that i can simply put values and get results.
is it different for different distributions ?
thanks for the comments
well, i am not an expert in maths.
i dont know much about those distributions.
it would be better if i get formula to find Confidence level for mean and sd
so that i can simply put values and get results.
is it different for different distributions ?
ASKER CERTIFIED SOLUTION
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ASKER
Hi Asif
that was an excellent comment
Thank u
that was an excellent comment
Thank u