On a Comparison of two Standard Estimators of a Binomial Proportion by Multiple Criteria Decision Making Method
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Abstract
In this paper, we consider the problem of estimation of a binomial proportion θ based X ~ B(n,θ) n being known, 0<θ<1, θ being unknown. We compare two standard estimators of θ, namely, T1 = X / n, and T2 = , on the basis of Multiple Criteria Decision Making (MCDM) procedure. Our recommendation is that we should use T2 rather than T1 for small values of n.
Keywords: Binomial distribution, proportion, multiple criteria decision making
Corresponding author: E-mail : scmts@mahidol.ac.th
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References
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