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Estimating the probability that the sample mean is within a desired fraction of the standard deviation of the true mean

โœ Scribed by Michael A. Schillaci; Mario E. Schillaci


Book ID
113713368
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
257 KB
Volume
56
Category
Article
ISSN
0047-2484

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An Improved Approach for Estimating the
โœ HON-SHIANG LAU; AMY HING-LING LAU; YUE ZHANG ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 236 KB ๐Ÿ‘ 2 views

The literature oers many formulas for estimating the mean and standard deviation of a subjective probability distribution (a well-known example is the PERT formulas). This paper shows that some basic underlying assumptions behind most of these formulas are inappropriate; a more appropriate framework