Approximate Confidence Limits for a Product of Independent Positive Random Variables as Applied to ASW Exercise Data
SACLANT ASW RESEARCH CENTRE LA SPEZIA (ITALY)
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A general, but approximate, method is suggested to determine confidence limits for a product of independent positive random variables. The method is developed and the accuracy of the approximation is discussed in one of its applications the Bayesian confidence limits for the product of N binomial parameters. Four applications including the above, in which the factors in the product are probabilities are given together with numerical examples. These are from the antisubmarine warfare ASW field and constitute to the evaluation of operational data in that field and statistical data in many other fields.
- Operations Research
- Undersea and Antisubmarine Warfare