Carry out a simulation experiment using a statistical computer package or other software to study the sampling

Question:

Carry out a simulation experiment using a statistical computer package or other software to study the sampling distribution of X when the population distribution is lognormal with E(ln(X)) = 3 and V(ln(X)) = 1. Consider the four sample sizes n = 10, 20, 30, and 50, and in each case use 1000 replications. For which of these sample sizes does the X sampling distribution appear to be approximately normal?
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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: