Abstract
Abstract This article is concerned with the problem of deciding whether the mean θ of a normal distribution of known variance lies in a specified finite interval θ-, θ+). Consideration is given to prior information on θ and to quadratic and piecewise linear utility structures. Computer-aided methods are described for obtaining the optimal decision rule given a sample of observations and for obtaining the optimal sample size when the sampling cost is a linear function of the sample size. Some simpler approximate methods are also described.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
