Question: 50. Suppose that random variable X (in hundreds) is distributed as lognormal with parameters = 2 and 2 = 4. Determine the following probabilities:

50. Suppose that random variable X (in hundreds) is distributed as lognormal with parameters

μ = 2 and σ2 = 4. Determine the following probabilities:

(a) P(X ≤ 750), (b)

P(X ≥ 1500).

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