The cost of using exact confidence intervals for a binomial proportion
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Abstract: When computing a confidence interval for a binomial proportion p one must choose between using an exact interval, which has a coverage probability of at least 1-{alpha} for all values of p, and a shorter approximate interval, which may have lower coverage for some p but that on average has coverage equal to 1-alpha. We investigate the cost of using the exact one and two-sided Clopper--Pearson confidence intervals rather than shorter approximate intervals, first in terms of increased expected length and then in terms of the increase in sample size required to obtain a desired expected length. Using asymptotic expansions, we also give a closed-form formula for determining the sample size for the exact Clopper--Pearson methods. For two-sided intervals, our investigation reveals an interesting connection between the frequentist Clopper--Pearson interval and Bayesian intervals based on noninformative priors.
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Cited in
(15)- Design and analysis of shortest two-sided confidence intervals for a probability under prior information
- A Bayesian tour of binomial inference
- On split sample and randomized confidence intervals for binomial proportions
- Exact confidence intervals for randomized response strategies
- Mean-Minimum Exact Confidence Intervals
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- Some Properties of the Exact and Score Methods for Binomial Proportion and Sample Size Calculation
- MKpower
- Calibrated Bayesian credible intervals for binomial proportions
- Robust calibration of numerical models based on relative regret
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- Approximate Bayesianity of Frequentist Confidence Intervals for a Binomial Proportion
- A fair comparison of credible and confidence intervals: an example with binomial proportions
- Highest posterior mass prediction intervals for binomial and Poisson distributions
- Exact confidence coefficients of confidence intervals for a binomial proportion
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