What is a Statistical Proportion and it's importance?
In Statistics, some particular numerical ratios which connects some important variables or parameters associated with the given data or distribution are called statistical proportions. Comparison of multiple data is the main advantage of these proportions. In statistical data analysis various proportions has a wide applications. For example, at the time of comparing two different data, comparing the performance of a company with last year performance, comparing the quality of one set of products to the next set of products, etc if we compare a fixed proportion of each group of data, we can take many useful conclusions.
How to Calculate Pooled Sample Proportion?
Pooled Sample Proportion calculator uses Pooled Sample Proportion = ((Size of Sample X*Proportion of Sample X)+(Size of Sample Y*Proportion of Sample Y))/(Size of Sample X+Size of Sample Y) to calculate the Pooled Sample Proportion, Pooled Sample Proportion formula is defined as the combined proportion of successes from two or more independent samples. Pooled Sample Proportion is denoted by PPooled symbol.
How to calculate Pooled Sample Proportion using this online calculator? To use this online calculator for Pooled Sample Proportion, enter Size of Sample X (NX), Proportion of Sample X (PX), Size of Sample Y (NY) & Proportion of Sample Y (PY) and hit the calculate button. Here is how the Pooled Sample Proportion calculation can be explained with given input values -> 0.733333 = ((10*0.6)+(30*0.8))/(10+30).