Choose the best answer, and explain. If X is a random variable with a lognormal distribution, then
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Choose the best answer, and explain. If X is a random variable with a lognormal distribution, then
i. The mean of X is always greater than the median.
ii. The mean of X is always less than the median.
iii. The mean may be greater than, less than, or equal to the median, depending on the value of σ.
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i Since the lognormal population is skewed ...View the full answer
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