Rate data often follow a lognormal distribution Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters 4 and a 2 What is the probability that the company uses more than 270 dB during any particular hour ...

Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company

Question:

Rate data often follow a lognormal Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal with parameters μ = 4 and a = 2. What is the probability that the company uses more than 270 dB during any particular hour?
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...