Confidence intervals show the likelihood a data range contains the true mean, aiding investment decisions. A wider interval suggests lower estimate accuracy, influencing market and risk analysis ...

This is a preview. Log in through your library . Abstract This paper obtains and explores a family of confidence procedures for the mean of a normal distribution which are, in a certain sense, more ...

A modified sequential procedure is put forward for the problem of estimating the mean of a normal population by a confidence interval of prescribed width and confidence coefficient, when the ...

I've become alarmed recently at the number of young engineers (i.e. those with less than 5 years of work experience), who seem to have missed the college course on applied probability and don't know ...