Comparisonofmethodsforestimatingtheprobabilityofaneventfromasample.Throughsimulations, the resultsofseveralsamples can be comparedandthedifferentaspectsinvolved in estimatingprobabilityinthepopulationcanbediscussed.Thesamplesizeisakeyaspect.
Theconceptofoddsratioasameasureofassociationisespeciallyimportantincase-controlstudies.Inthisapplicationyoucanexploreitsmeaning and performvariouscalculationsandsimulations.
Thisapplicationexplores the concept of confidenceintervalin the estimation of the populationmeanand the differenceofthemeansoftwopopulations.Simulationsareincludedtocompare the resultsofdifferentsamplesandthesamplesizeneededforanaccurateestimateisdiscussed.
Itisimportant to understand the conceptofstatisticalpowerinrelationtothesamplesizeused.In this application, thisproblemisexploredinconnectionwith the concept of whattheresearcherwantstoevaluate(effectsize, equivalenceoftreatments,etc.).