Let be a lognormal random variable (see Example 7e for its definition) and let be a constant.

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Let be a lognormal random variable (see Example 7e for its definition) and let be a constant. Answer true or false to the following, and then give an explanation for your answer.

a. cY is lognormal;

b. c + Y is lognormal.

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A First Course In Probability

ISBN: 9780134753119

10th Edition

Authors: Sheldon Ross

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Question Posted: Sep 09, 2021 03:09 AM

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Let be a lognormal random variable (see Example 7e for its definition) and let be a constant.

Question:

Step by Step Answer:

a YES IT IS TRUE THAT CY IS IGNORMAL BECAUSE Note that cYceXelogceXeXlogc Since Xlogc is a n...View the full answer

A First Course In Probability

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