Suppose that X follows a lognormal distribution with w^2=4 and E(X)=10,000 a. Find the parameter theta for the distribution. Use 4 digits after the decimal point: b. Find the standard deviation of the process: Use 4 digits after the decimal point:

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.5: Exponential And Logarithmic Models
Problem 4ECP
icon
Related questions
Topic Video
Question
Suppose that X follows a lognormal distribution with w^2=4 and E(X)=10,000
a. Find the parameter theta for the distribution. Use 4 digits after the decimal point:
b. Find the standard deviation of the process: Use 4 digits after the decimal point:
Transcribed Image Text:Suppose that X follows a lognormal distribution with w^2=4 and E(X)=10,000 a. Find the parameter theta for the distribution. Use 4 digits after the decimal point: b. Find the standard deviation of the process: Use 4 digits after the decimal point:
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning