A closed-form approximation for the median of the beta distribution

Details A closed-form approximation for the median of the beta distribution A closed-form approximation for the median of the beta distribution

2011-11-02

arxiv.org/abs/1111.0433v1

Mathematics

Statistics Theory

6 pages, 4 figures

Scientific paper

A simple closed-form approximation for the median of the beta distribution
Beta(a, b) is introduced: (a-1/3)/(a+b-2/3) for (a,b) both larger than 1 has a
relative error of less than 4%, rapidly decreasing to zero as both shape
parameters increase.

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