yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Worked example identifying sample study


2m read
·Nov 11, 2024

Let's look, let's take a look at some statistical studies and see if we can figure out what type they are. So this first one, Roy's toys received a shipment of 100,000 rubber duckies from the factory. The factory couldn't promise that all rubber duckies are in perfect form, but they promised that the percentage of defective toys won't exceed 5%. Let me underline that: they promise that the percentage of defective toys won't exceed 5%.

Roy wanted to get an estimation of the percentage of defective toys, and since he couldn't go over the hire 100,000 duckies, he took a random sample of 10 duckies. He found that 10% of them were defective. So what's going on here? Roy gets a shipment; there's 100,000 ducks in the shipment. He wants to figure out what percentage of them are defective. He can't look at all 100,000 ducks; it's not practical. So he samples 10 of them: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, and he finds that one out of those 10 are defective—10% of the 10.

So first of all, this is clearly a sample study. This is a sample study. How do we know that? Well, he is taking a sample from a broader population in order to estimate a parameter. The parameter is the percentage of those 100,000 duckies that are actually defective.

Now the next question is: what kind of conclusion can you make? You know, Roy, since he got the shipment and he took a sample, and he found that 10% of the sample was defective, he might, you know, be all up in arms and say, "Oh, this toy shipment from the factory, you know, they violated this promise that the percentage of defective toys won't exceed 5% because I sampled 10 toys and 10% of those 10 toys were defective."

Well, that isn't a reasonable conclusion, because this is a small sample. This is a small sample. Think about it. If he could have sampled five duckies and if he just happened to get one of the defective ones, he would have said, "Oh, maybe 20% are defective."

What he's really got to do is sample, take a larger sample. And once again, whenever you're sampling, there's always a probability that your estimate is going to be not close or definitely not the same as the parameter for the population. But the larger your sample, the higher the probability that your estimate is close to the actual parameter for the population.

And ten, in this is just too low. In future videos, we'll talk about how you can estimate the probability or how you can figure out whether your sample seems sufficient. But for this one, for what Roy did, I don't think 10 duckies is enough. If he sampled maybe 100 duckies or more than that and he found that 10% of them were defective, well, that seems less likely to happen just purely due to chance.

Let's do a few more of these, and actually, I'll do those in the next videos.

More Articles

View All
Rulings on majority and minority rights by the Supreme Court | Khan Academy
We’ve already talked about the 14th Amendment in previous videos, but just as a reminder, Section 1 of the 14th Amendment says, “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United Stat…
Charlie Munger & Warren Buffett: The Dangers of EBITDA
If somebody is, if they think you’re focusing on EBITDA, they may arrange things so that that number looks bigger than it really is. It’s bigger than it really is anyway. I mean, the implication of that number is that it has great meaning. You take teleco…
The Stanford Prison Experiment
One of the most infamous psychological studies ever conducted was the Stanford Prison Experiment. It’s mentioned in almost every intro to psychology textbook. They tend to focus on how unethical it was and are less critical of its supposed conclusion. Aug…
Alaskan Medicine - Deleted Scene | Life Below Zero
Picking some yarrow here. I’m going to make some salve for my hands, feet, and my dog’s feet. Dog’s feet get in the cold conditions that we run them in; they get kind of dry, and this helps to keep them supple and soft. It’s very important to be knowledge…
Absorption and reflection | Waves | Middle school physics | Khan Academy
I’m showing you this beautiful picture of snow-capped mountains overlooking this alpine lake because there’s a lot of light moving around. Now we’re going to talk about the different ways that light can interact with different media. But what I’m talking…
Would You Choose Life On Earth Or in Space? #kurzgesagt #shorts
Spending your entire life in space. If there’s another planet suitable for humans, it will be quite a long journey to get there. Even traveling at one percent of the speed of light, it would still take 10,000 years to go only 100 light years. This means …