Comparison of Limit Standards using a Sequential Probability Ratio Test

We continue our research into the comparison, via simulation experiments, of a stochastic system to a limit standard. A limit standard is defined as a maximum and/or minimum standard. We have found that evaluation methods using proportions provide a statistically valid comparison of this family of standards. In this paper, we present the use of Wald's sequential probability ratio test (SPRT) as a comparison method. We define a fully sequential analysis procedure, as well as initial test results