The normal approximation to the binomial test with and without a continuity correction is evaluated in terms of control of Type I errors and power. The normal approximations are evaluated as robust ...

An earlier article [1] presented two formulas for approximating the upper binomial confidence limit p̄ from a sample of size n with c "defectives" drawn randomly from an infinite population with ...

The binomial distribution is an important discrete distribution. It gives the probability of the number of "successes," in a sequence of n independent binary trials. This applet allows users to drag ...

A heuristic algorithm that accurately and quickly approximates loss distributions for portfolios of independent credits is introduced in this paper. An algorithm such as this can be used in the ...