Question: Suppose that X has a lognormal distribution with parameters = 2 and w2. Determine the following: (a) P(X < 500) (b) The conditional probability that

Suppose that X has a lognormal with parameters θ = 2 and w2. Determine the following:
(a) P(X < 500)
(b) The conditional probability that given that
(c) What does the difference between the probabilities in parts (a) and (b) imply bout lifetimes of lognormal random variables?

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