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SIMULATION
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Improving the reliability of confidence limits for the mean of positive random variables

Do Le Minh

Department of Management Science, SBAE California State University Fullerton, CA 92634

Y.S. Sherif

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)
DOI: 10.1177/003754979005500310


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