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Confidence Interval for the Mean of a Bounded Random Variable and Its Applications in Point Estimation

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 نشر من قبل Xinjia Chen
 تاريخ النشر 2010
  مجال البحث
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 تأليف Xinjia Chen




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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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