Abstract
An approximate confidence interval for the ratio of normal population means with a known coefficient of variation is proposed. This has applications in the area of bioassay and bioequivalence when the scientist knows the coefficient of variation of the control group. The proposed confidence interval is based on the approximate expectation and variance of the estimator by Taylor series expansion. A Monte Carlo simulation study was conducted to compare the performance of the proposed confidence interval with the existing confidence interval. Simulation results show that the proposed confidence interval performs as well as the existing one in terms of coverage probability and expected length. However, the approximate confidence interval is very easy to calculate compared with the exact confidence interval.
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© 2015 Springer International Publishing Switzerland
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Panichkitkosolkul, W. (2015). Approximate Confidence Interval for the Ratio of Normal Means with a Known Coefficient of Variation. In: Huynh, VN., Inuiguchi, M., Demoeux, T. (eds) Integrated Uncertainty in Knowledge Modelling and Decision Making. IUKM 2015. Lecture Notes in Computer Science(), vol 9376. Springer, Cham. https://doi.org/10.1007/978-3-319-25135-6_18
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DOI: https://doi.org/10.1007/978-3-319-25135-6_18
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