Quote:
Originally Posted by RustyBrooks
Well, unfortunately, although I have a value in my code, I didn't specify what it corresponds to. I probably thought I wouldn't forget. The value I have is 0.82245 which is half of the z-score for a 90% confidence interval. I'm not sure if I'm wrong here or not. I suppose what I should is make up a simulation and see. I wrote this probably 8 years ago and haven't used it in at least 5.
I'm guessing here but in the notation z_A/2 I think you divided z_A by 2 when it was meant to denote using the Z score for a two-sided confidence interval. I can't think of a reason to halve a Z score.
The bayesian approach suggested above is a valid alternative to the classical confidence interval approach. I would suspect a relatively large standard deviation indicating some heavy nits and some crazy maniacs.
Last edited by statmanhal; 09-06-2016 at 11:42 AM.