Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q8 The lognormal distribution is used for a wide variety of applications. The distribution applies in cases where a natural log transformation results in a
Q8 The lognormal distribution is used for a wide variety of applications. The distribution applies in cases where a natural log transformation results in a normal distribution. The continuous random variable X has a lognormal distribution if the random variable Y=ln(X) has a normal distribution with mean and standard deviation . The resulting density function of X is f(x;,)={2x1e221[ln(x)]2,0,x0x
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started