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95% confidence interval - median |
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| Dec14-12, 01:33 AM | #1 |
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95% confidence interval - median
To calculate the 95% confidence interval of the mean of a normal distribution you calculate 1.96 χ standard error on the mean.
what do you do if you want to calculate the 95% confidence interval on the median of the distribution, for a distribution that is most definitely skewed and not gaussian? Thanks |
| Dec14-12, 10:25 AM | #2 |
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I would bootstrap it.
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| Dec14-12, 12:21 PM | #3 |
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can you do that in excel?
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| Dec14-12, 01:24 PM | #4 |
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95% confidence interval - median
You'll have to check the documentation. Any worthwhile statistical program will have bootstrapping support; you might want to look at R.
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