Open Access. Powered by Scholars. Published by Universities.®

Physical Sciences and Mathematics Commons

Open Access. Powered by Scholars. Published by Universities.®

Wayne State University

Confidence interval

2016

Articles 1 - 2 of 2

Full-Text Articles in Physical Sciences and Mathematics

A Comparison Of Usual T-Test Statistic And Modified T-Test Statistics On Skewed Distribution Functions, Wooi K. Lim, Alice W. Lim Nov 2016

A Comparison Of Usual T-Test Statistic And Modified T-Test Statistics On Skewed Distribution Functions, Wooi K. Lim, Alice W. Lim

Journal of Modern Applied Statistical Methods

When the sample size n is small, the random variable T= √n(\overline{X} – μ)/S is said to follow a central t distribution with degrees of freedom (n – 1), where \overline{X} is the sample mean and S is the sample standard deviation, provided that the data X ~ N (μ, σ2). The random variable T can be used as a test statistic to hypothesize the population mean μ. Some argue that the t-test statistic is robust against the normality of the distribution and claim that the normality assumption is not necessary. In this …


Bayesian Inference For Median Of The Lognormal Distribution, K. Aruna Rao, Juliet Gratia D'Cunha Nov 2016

Bayesian Inference For Median Of The Lognormal Distribution, K. Aruna Rao, Juliet Gratia D'Cunha

Journal of Modern Applied Statistical Methods

Lognormal distribution has many applications. The past research papers concentrated on the estimation of the mean of this distribution. This paper develops credible interval for the median of the lognormal distribution. The estimated coverage probability and average length of the credible interval is compared with the confidence interval using Monte Carlo simulation.