Sign In
Not register? Register Now!
Essay Available:
Pages:
8 pages/≈2200 words
Sources:
3 Sources
Level:
MLA
Subject:
Mathematics & Economics
Type:
Statistics Project
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 41.47
Topic:

An investigation on central limit theorems under finite population sampling (Statistics Project Sample)

Instructions:

please clearly follow the instructions in the documents and please attach all your R codes to your final project when you return it to me. Also, I have attached an example of simulation and its r codes that my professor showed in class for you.
just a friendly remainder: my professor said that the project should be highly related to the survey sampling since this is a project for the survey sampling class. Also, I loaded the lecture notes about the central limit theorem (see section 2.4)

source..
Content:
INVESTIGATION OF CENTRAL LIMIT THEOREM UNDER FINITE POPULATION USING SIMPLE RANDOM SAMPLING
Student’s name
Institution affiliation
Date
Abstract
This statistical project shall apply R software to demonstrate the central limit theorem of a finite population. A significantly large sample will be generated from an arbitrary generated population from R using simple random sampling technique and investigations in relation to central theorem be conducted. The procedure shall be replicated in multiple ways to observe the changes of the sample mean as sample numbers increases in relation to the population mean. A precise explanation on the understanding of central limit theorem shall be brought into light in relation to simple random sampling.
Introduction
Central limit theorem mathematics and statistics application has been described to produce most remarkable results worldwide (Kothari 2004). The theory, in the world of mathematics and statistics, has been identified to be one of the oldest as compared to others (Hudson 2002). Additionally, the theory is not only useful but also a critical pillar in the probability theory (Beth and Robert 2005). The theorem also plays a unique role in statistical inference. Assuming that the variance of the population σ2 and the mean of the population µ when a sample is randomly drawn from the population then it is observed that the mean of the same sample as compared to that of the population follows a normal distribution.
With a sufficiently large sample size (n>=30) the theorem holds true if the population is normal even for a sample smaller than the stipulated less than thirty. Still, under binomial distribution, the property holds true given that minimum (np,n(1-p))>=5 with the size of the sample as n and p as the success probability. This signifies that the model of probability normal distribution is applied to ascertain the uncertainty in statistical inferencing of the mean of the population given the sample mean. Random samples are drawn with an appropriate unbiased method and computing the mean of the sample means given by the formula:
µӯ=µand sample mean standard deviation given as:
σӯ= σ/√n
Statement of the central limit theorem
Suppose we have a sequence of independent random variables; y1, y2, y3…yneach of the same distribution having a finite population mean µ and a variance of σ2
Then if ӯnis the mean of y1, y2, y3…ynthen the distribution standardized variable Zn=(yn-ӯ)/(σ/√n) that converges to the normal (0,1) as n approaches infinity. The idea of this theorem is that regardless of the population, the mean of a sufficiently large sample will assume almost normal distribution. The sampling theoretically of a binomial distribution has a mean equal to p and a standard deviation equal to √npq. These powerful results and facts may be applied to explain why in many psychological, engineering and physical processes follow the characteristic of near bell-shaped or a perfectly normal distribution.
Amid central limit theorem investigation, all the standard errors of the sample proportions are based on and those of the samples are selected by the application of (SRSWOR) simple random sampling without replacement. Besides, simple random sampling without replacement is applied in drawing random samples from a finite population N. In all the cases categorically, the sample sizes/ size will always be smaller than the population size unless when carrying out census i.e. involving every unit in the sampling survey. in sampling it's a rule that more than 5% of the total population N should adhere to meaning so that the proportion n/N>0.05. Additionally, at the process of calculating the standard error of the mean and also the standard error of the proport...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • How Do GDP Changes On A Quarterly Basis Affect The S & P 500 Index?
    Description: How do GDP changes on a quarterly basis affect the S & P 500 Index (SPX)? While predicting the future value of the index is difficult, when there is a relationship between the two this indicates there is robust growth. ...
    2 pages/≈550 words | 2 Sources | MLA | Mathematics & Economics | Statistics Project |
  • Case Problem 1
    Description: Case Problem 1 Mathematics and Economics Statistics Project Undergraduate level...
    2 pages/≈550 words | 1 Source | MLA | Mathematics & Economics | Statistics Project |
  • Statistic Project Proposal
    Description: Statistic Project Proposal Mathematics and Economics Statistics Project...
    1 page/≈275 words | No Sources | MLA | Mathematics & Economics | Statistics Project |
Need a Plagiarism Free Essay?
Submit your instructions!