Coverage Properties Of Optimized Confidence Intervals For Proportions
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Published
Aug 10, 2023
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John P. Wendell
College of Business Administration, University of Hawai`i at Mānoa
Sharon P. Cox
College of Business Administration, University of Hawai`i at Mānoa
Abstract
Wardell (1997) provided a method for constructing confidence intervals on a proportion that modifies the Clopper-Pearson (1934) interval by allowing for the upper and lower binomial tail probabilities to be set in a way that minimizes the interval width. This article investigates the coverage properties of these optimized intervals. It is found that the optimized intervals fail to provide coverage at or above the nominal rate over some portions of the binomial parameter space but may be useful as an approximate method.
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