Suppose that X has a lognormal distribution with parameters = 2 and w2. Determine the following: (a)

Question:

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?
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...