I've become alarmed recently at the number of young engineers (i.e. those with less than 5 years of work experience), who seem to have missed the college course on applied probability and don't know ...

This is a preview. Log in through your library . Abstract This paper obtains and explores a family of confidence procedures for the mean of a normal distribution which are, in a certain sense, more ...

For comparison of proportions, there are three commonly used measurements: the difference, the relative risk, and the odds ratio. Significant effort has been spent on exact confidence intervals for ...

Business, like many other fields, can benefit from the use of statistics in estimating or predicting future events. An important tool for business statistics is a confidence interval, which helps a ...

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 ...

Third in the series: Nobody becomes a Psych major to study statistics The science of uncertainty. Statistics – much to the regret of many potential psych majors – is the core methodology that links ...

The brain produces feelings of confidence that inform decisions the same way statistics pulls patterns out of noisy data. This feeling of confidence is central to decision making, and, despite ample ...