Coverage Probability of Wald Interval for Binomial Parameters
Xinjia Chen
TL;DR
This paper introduces an exact method to compute the minimum coverage probability of the Wald interval when estimating binomial parameters, which can also be adapted for other confidence intervals.
Contribution
It presents a novel exact approach for evaluating the coverage probability of Wald intervals, enhancing accuracy in binomial parameter estimation.
Findings
Provides a precise calculation method for coverage probability.
Applicable to other confidence interval types.
Improves understanding of Wald interval reliability.
Abstract
In this paper, we develop an exact method for computing the minimum coverage probability of Wald interval for estimation of binomial parameters. Similar approach can be used for other type of confidence intervals.
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Taxonomy
TopicsProbability and Risk Models