arXiv · 0802.3458
Confidence Interval for the Mean of a Bounded Random Variable and Its Applications in Point Estimation
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.
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Xinjia Chen. 2010-11-25. Confidence Interval for the Mean of a Bounded Random Variable and Its Applications in Point Estimation. https://arxiv.org/abs/0802.3458
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