Confidence Intervals for Medians and Percentiles
Medians are better than means in most interpretation contexts: they’re not affected by skewed or otherwise non-normal distributions. They give a better sense of the “typical” data point. When the mean and median differ, I prefer to use the median.
One problem with using medians is that you can’t calculate a confidence interval for them the same way as you calculate one for a mean. There’s no “standard error of the median”. However, it turns out there is a way to calculate confidence intervals for them. Continue reading ‘Confidence Intervals for Medians and Percentiles’ »