Freedman Seminar: Michael Freedman, CMSA & Slava Krushkal, University of Virginia

Speaker: Ulrich Mueller (Princeton) Title: Inference for the Mean Abstract: Consider inference about the mean of a population with finite variance, based on an i.i.d. sample. The usual t-statistic yields correct inference in large samples, but heavy tails induce poor small sample behavior. This paper combines extreme value theory for the smallest and largest observations with a normal approximation for […]