Browsing by Subject "point and interval estimates"
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Item Point and interval estimates from sequential sampling.(University of Minnesota, 1997-07) Robinson, Andrew P.; Burk, Thomas E.This paper reports a simulation-based exploration into the computation of point and interval estimates for data arising from sequential sampling. We conclude that the coverage probability of the standard frequentist confidence interval estimates is overstated. However, there are other interval estimates which do not overstate the coverage probability if the underlying population is Gaussian. Futher, the effect of non-Gaussian behavior in the underlying population upon the properties of the interval estimate varies, depending upon the severity and the flavor, that is, whether it is skewness, kurtosis, etc.