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Inferential Statisticshard
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A clinical trial evaluates a drug's success. The researcher computes an Agresti-Coull interval for the probability ppp with xxx successes in nnn trials using p~=x+2n+4\tilde{p} = \frac{x+2}{n+4}p~​=n+4x+2​ and n~=n+4\tilde{n} = n+4n~=n+4. Why is this interval preferred over the standard Wald interval p^±zp^(1−p^)/n\hat{p} \pm z \sqrt{\hat{p}(1-\hat{p})/n}p^​±zp^​(1−p^​)/n​?