A researcher grows cultures of bacteria. Suppose that after one day's growth, the size of the culture

Question:

A researcher grows cultures of bacteria. Suppose that after one day's growth, the size of the culture has a lognormal distribution with parameters μ = 2.3 and σ = 0.2.
(a) What is the expected size of the culture after one day?
(b) What is the median size of the culture after one day?
(c) What is the upper quartile of the size of the culture after one day?
(d) What is the probability that the size of the culture after one day is greater than 15?
(e) What is the probability that the size of the culture after one day is smaller than 6?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: