A Comparison of Two Sampling Schemes when Testing a Simple Hypothesis versus a Simple Alternative.
FLORIDA STATE UNIV TALLAHASSEE DEPT OF STATISTICS
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A large deviation result is established for sequences of random variables with random indices. This result is used to compare two different sampling schemes when testing for a simple hypothesis versus a simple alternative. It turns out that the sampling scheme yielding more expected number of observations for the same sampling cost is not necessarily the more profitable procedure. Properties other than the mean of the distribution of the occurrence of the observations play a role in determining the more profitable sampling rule. Author
- Statistics and Probability