a. Use Equation (4.13) to write a formula for the median of the lognormal distribution. What is

Question:

a. Use Equation (4.13) to write a formula for the median of the lognormal distribution. What is the median for the load distribution of Exercise 79?

b. Recalling that z_a is our notation for the 100(1 – α) percentile of the standard normal distribution, write an expression for the 100(1 – α) percentile of the lognormal distribution. In Exercise 79, what value will load exceed only 1% of the time?

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...