Abstract
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.
DOI
10.22237/jmasm/1478003400
Included in
Applied Statistics Commons, Social and Behavioral Sciences Commons, Statistical Theory Commons
