Historically, to bound the mean for small sample sizes, practitioners have had to choose between using methods with unrealistic assumptions about the unknown distribution (e.g., Gaussianity) and methods like Hoeffding’s inequality that use weaker assumptions but produce much looser (wider) intervals. In 1969, Anderson proposed a mean confidence interval strictly better than or equal to … Continue reading "Paper: Towards Practical Mean Bounds for Small Samples"
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