Article ID: | iaor2013715 |
Volume: | 41 |
Issue: | 1 |
Start Page Number: | 116 |
End Page Number: | 120 |
Publication Date: | Jan 2013 |
Journal: | Operations Research Letters |
Authors: | Zaigraev Alexander, Kaniovski Serguei |
Keywords: | decision theory, statistics: distributions |
We obtain the probability distribution of the number of successes in a sequence of correlated binary trials as a function of marginal probabilities and correlation coefficients. It is based on Bahadur’s representation of the joint probability distribution of correlated binary trials, truncated to second‐order correlations. We provide new results, illustrating the use of this distribution in reliability theory and decision theory.