Hi,
I have a quick question on Statistical distribution as follows, hoping
Statisticians here would give me very insightful feedback.
Say, I have a large sample from a highly asymmetric distribution ranging
from -Inf to +Inf. Now I wish to calculate sample X1 and X2 within which
middle 70% probability would reside.
One approach
x = my sample
calculatte quantile(x, prob = 15%) & quantile(x, prob = 85%)
another approach
calculate quantile(abs[x], prob = 85%)
In this case X1 and X2 would be +/- of above result.
My question is in all scenarios, are above two approach equivalent? If not
which is the better approach to find such range.
Thanks,
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