Question: 56. The time needed (in hours) for a worker to finish a job is modeled by a lognormal distribution with parameters = 2 and

56. The time needed (in hours) for a worker to finish a job is modeled by a lognormal distribution with parameters μ = 2 and σ2 = 4. Find the following probabilities:

(a) The worker needs at least 50 hours to finish the job.

(b) The worker needs more than 60 hours to finish the job.

(c) The worker needs less than 50 hours to finish the job.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Probability Statistics Questions!