This applet allows users to drag sliders to change the population proportion, confidence level and sample size. The applet helps users visualize the meaning of the phrase "C% confidence," by showing ...

The binomial model is widely used in statistical applications. Usually, the success probability, p, and its associated confidence interval are estimated from a random sample. Thus, the observations ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Confidence Interval Estimate: a range of values so constructed that a specified proportion of the intervals costructed that way would contain the true value of a parameter. Critical Value: a point on ...

The linkage disequilibrium method is currently the most widely used single sample estimator of genetic effective population size. The commonly used software packages come with two options, referred to ...

Certain applications often require confidence intervals on the number or proportion of items in a finite population that possess a particular characteristic. We propose a method for determining such ...

Identify characteristics of “good” estimators and be able to compare competing estimators. Construct sound estimators using the techniques of maximum likelihood and method of moments estimation.