P-hat Formula:
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P-hat (p̂) is the sample proportion, calculated as the number of successes (x) divided by the total number of trials or observations (n). It's used to estimate the population proportion in statistics.
The calculator uses the p-hat formula:
Where:
Explanation: The formula gives the proportion of successes in your sample, which serves as an estimate for the population proportion.
Details: P-hat is fundamental in inferential statistics, used for confidence interval construction and hypothesis testing about population proportions.
Tips: Enter the count of successes (x) and total trials (n). Both must be non-negative integers with x ≤ n.
Q1: What's the difference between p and p̂?
A: p is the true population proportion (unknown), while p̂ is the sample proportion (calculated from data).
Q2: What are valid values for p̂?
A: p̂ ranges from 0 to 1, representing 0% to 100% success rate in the sample.
Q3: When is p̂ a good estimator?
A: When the sample is random and sufficiently large (typically n ≥ 30 with np̂ ≥ 10 and n(1-p̂) ≥ 10).
Q4: Can p̂ be used for small samples?
A: For small samples or extreme proportions, exact methods like binomial distribution may be more appropriate.
Q5: How precise is p̂?
A: Precision increases with sample size. The standard error is √(p̂(1-p̂)/n).