Abstract
In this article, we propose confidence intervals for the population coefficient of variation based on some robust estimators such as trimmed mean, winsorized mean, Hodges-Lehmann estimator and trimean. The proposed confidence intervals and their bootstrap versions were compared with the existing confidence intervals for the population coefficient of variation. The performances of the proposed confidence intervals were evaluated via a Monte-Carlo simulation study by considering the coverage probability, average width, standard deviation of widths, and coefficient of variation of widths as comparison criteria. The proposed confidence intervals performed well in terms of coverage probability on symmetrical distributions. In the case of skewed distributions, they were closer to the nominal confidence level and had narrower widths than the others. As a result, we proposed to use confidence intervals based on the Hodges-Lehmann estimator and winsorized mean for small sample sizes ( n = 10 and 15 ) and larger sample sizes for skewed distributions, respectively. The real-life datasets were analyzed to support the simulation results and confirm the practical applications of the proposed confidence intervals.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
