Confidence Interval for the Mean of a Bounded Random Variable and Its Applications in Point Estimation
Statistics Theory
2010-11-29 v6 Probability
Applications
Statistics Theory
Abstract
In this article, we derive an explicit formula for computing confidence interval for the mean of a bounded random variable. Moreover, we have developed multistage point estimation methods for estimating the mean value with prescribed precision and confidence level based on the proposed confidence interval.
Keywords
Cite
@article{arxiv.0802.3458,
title = {Confidence Interval for the Mean of a Bounded Random Variable and Its Applications in Point Estimation},
author = {Xinjia Chen},
journal= {arXiv preprint arXiv:0802.3458},
year = {2010}
}
Comments
7 pages, no figure; added proof of Theorem 2