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Simulate random numbers from log normal distribution. X 1 ~log normal ( 1 0 , 3 ) with sample size, n = 3 0 .

Simulate random numbers from log normal distribution.
X1~log normal (10,3) with sample size,
n=30.
X2~log normal (10,3) with sample size,
n=100.
X3~log normal (10,3) with sample size,
n=1000.
i.For comparisons, estimate the parameter using the maximum likelihoodestimation method for each sample, X1, X2 and X3.
ii. Repeat this simulation for 300 times. Each time, obtain the parameterestimates using the MLE. Compute the mean of both parameter estimates.
iii. From (ii), compute the bias and root mean square error. Discuss yourfindings.
  

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