Confidence intervals estimate likelihood of a data set's accuracy, aiding financial decisions. Utilizing confidence intervals in risk management helps stabilize cost forecasts. Larger sample sizes ...

A modified sequential procedure is put forward for the problem of estimating the mean of a normal population by a confidence interval of prescribed width and confidence coefficient, when the ...

Geoff Cumming receives funding from the Australian Research Council. Such research findings sound exciting because the word significant suggests important and large. But researchers often use the word ...

Sometimes it’s hard to have confidence in science. So many results from published scientific studies turn out to be wrong. Part of the problem is that science has trouble quantifying just how ...