Question: I need help solving this problem. Please help me by answering and providing explanations. Problem 3. Assume that the amount of property damage in a

I need help solving this problem. Please help me by answering and providing explanations.

Problem 3. Assume that the amount of property damage in a traffic accident damages is well-approximated by a lognormal distribution with / = 3 and o = 2.5. (a) What are the mean and standard deviation of the property damage caused by an accident? (b) What is the probability that an accident causes more than $400 property damage? (c) What is the 90th percentile of the damage? (d) What is the median damage

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