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.
Rao, K. Aruna and D'Cunha, Juliet Gratia
"Bayesian Inference for Median of the Lognormal Distribution,"
Journal of Modern Applied Statistical Methods: Vol. 15
, Article 32.
Available at: http://digitalcommons.wayne.edu/jmasm/vol15/iss2/32