Case Summary
The Rule of Three provides a 95% confidence interval for the population proportion p when observing a sample with all failures (or all successes). The interval for p is the range [0, 3/n]. The interval requires Bernoulli trials: The data must define independent events with only two possible outcomes and a constant probability.
Get Statistics for Business: Decision Making and Analysis, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
