The average rate of water usage (thousands of gallons per hour) by a certain community is known

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The average rate of water usage (thousands of gallons per hour) by a certain community is known to involve the lognormal distribution with parameters p = 5 and a = 2. It is important for planning purposes to get a sense of periods of high usage. What is the probability that, for any given hour, 50,000 gallons of water are used?

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...
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Probability & Statistics For Engineers & Scientists

ISBN: 9780130415295

7th Edition

Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying

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