This function computes the standard error and the asymptotic (Wald)
confidence interval for a given proportion based on a specified
number of simulations or observations.
Usage
se_p(p, nsim, conf.level = 0.95)
Arguments
- p
A numeric value representing the proportion (between 0 and 1).
- nsim
An integer representing the number of simulations or the sample size.
- conf.level
A numeric value between 0 and 1 specifying the confidence
level for the interval. Defaults to 0.95.
Details
The standard error is calculated as:
$$SE = \sqrt{\frac{p(1-p)}{n}}$$
The confidence interval is calculated using the standard normal distribution
(Z-score) approximation.
Examples
se_p(p = 0.5, nsim = 1000)
#> $se
#> [1] 0.01581139
#>
#> $ci
#> ci.lb ci.ub
#> 0.4690102 0.5309898
#>
se_p(p = 0.2, nsim = 500, conf.level = 0.99)
#> $se
#> [1] 0.01788854
#>
#> $ci
#> ci.lb ci.ub
#> 0.1539222 0.2460778
#>