Suppose that X has a lognormal distribution and that the mean and variance of X are 50

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Suppose that X has a lognormal distribution and that the mean and variance of X are 50 and 4000, respectively. Determine the following:
(a) The parameters and of the lognormal distribution
(b)
The probability that X is less than 150
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Applied Statistics And Probability For Engineers

ISBN: 9781118539712

6th Edition

Authors: Douglas C. Montgomery, George C. Runger

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