ndistribution.(b) Suppose a dataset has a lognormal distribution with mean and variance of 4 and16. Find the probability that a randomly selected value is less than or equal to 6.4TOY

(b) Given,Mean, μ = 4Variance, = 16Let X be a random variable represent the values of dataset.

Answered: (b) Suppose a dataset has a lognormal…

A First Course in Probability (10th Edition)

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Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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(b) Suppose a dataset has a lognormal distribution with mean and variance of 4 and 16. Find the probability that a randomly selected value is less than or equal to 6.