Suppose that the random variable X has a lognormal distribution with parameter values 0 3 and 1 1 Find (a) E(X) (b) Var(X) (c) The upper quartile of X (d) The lower quartile of X (e) The interquartile range (f) P(0 1 X 7 0) ...

a EX e 031122 1357 b VarX e 203112 e 112 1 4331 ...

Suppose that the random variable X has a lognormal distribution with parameter values = -0.3 and

Question:

Suppose that the random variable X has a lognormal with parameter values μ = -0.3 and σ = 1.1. Find:
(a) E(X)
(b) Var(X)
(c) The upper quartile of X
(d) The lower quartile of X
(e) The interquartile range
(f) P(0.1 ≤ X ≤ 7.0)
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...