Question: Suppose that X has a lognormal distribution with parameters 2 and 2 4. Determine the following: (a) P(X 500) (b) P(500

Suppose that X has a lognormal distribution with parameters

 2 and 2  4. Determine the following:

(a) P(X  500)

(b) P(500  X  1000)

(c) P(1500  X  2000)

(d) What does the difference of the probabilities in parts (a),

(b), and

(c) imply about the probabilities of lognormal random variables?

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