X is said to have a lognormal distribution with parameters μ and σ 2 if log(X) is normal with mean μ and variance σ 2 . Suppose X is such a lognormal random variable. - The following are, in minutes, travel times to work over a sequence of 10 days. Assum- ing an underlying lognormal distribution, use the data to estimate the mean travel time: 42, 28, 53, 57, 67, 39, 35, 50, 44, 39

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X is said to have a lognormal distribution with parameters μ and σ 2 if log(X) is normal
with mean μ and variance σ 2 . Suppose X is such a lognormal random variable.


- The following are, in minutes, travel times to work over a sequence of 10 days. Assum-
ing an underlying lognormal distribution, use the data to estimate the mean travel time:
42, 28, 53, 57, 67, 39, 35, 50, 44, 39.

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