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Improving the reliability of confidence limits for the mean of positive random variablesDepartment of Management Science, SBAE California State University Fullerton, CA 92634
Department of Management Science, SBAE California State University Fullerton, CA 92634 This paper presents a simple method to obtain a strictly positive lower confidence limit for the mean of a positive random variable. Although this method involves some approxi mations, it is shown empiri cally that it works well for a large number of cases.
Key Words: Confidence limits Student's t Skewness
SIMULATION, Vol. 55, No. 3,
175-177 (1990) |
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