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
Tiensuwan, M. ., Lertprapai, S. ., & Sinha, B. K. . (2018). On a Comparison of two Standard Estimators of a Binomial Proportion by Multiple Criteria Decision Making Method. CURRENT APPLIED SCIENCE AND TECHNOLOGY, 420-435.
