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Published on IT Network (http://www.ivtnetwork.com)Bayesian Tolerance Intervals for Overinflated Data with Applications in Pharmaceutical Quality Control Harry Yang Binding You, By, Pin Men Jul 5,
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Bayesian tolerance intervals are used to provide probabilistic bounds on a population parameter.
Companies or organizations conducting experiments or studies that involve statistical analysis may be required to file Bayesian tolerance intervals.
Bayesian tolerance intervals can be filled out by using statistical software that can perform Bayesian analysis.
The purpose of Bayesian tolerance intervals is to provide a range within which a specified proportion of a population parameter is likely to fall.
The Bayesian tolerance intervals should include the population parameter, the level of confidence, and any assumptions made in the analysis.
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