You are given the following data:\[ X = [1.5, 10.22, 2.4, 5.8, 0.43] \]What would you choose as the parameter \( \mu \) if you were to model this as a lognormal distribution?(Enter your answer with up to two digits after the decimal point).[Input box for answer]

The values of x are given for which mean is µ. if model this as log normal distribution then it’s…

Answered: You are given the following data: X =…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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You are given the following data: X = [1.5, 10.22, 2.4, 5.8, 0.43] What would you choose as the parameter if you were to model this as a lognormal distribution? (Enter your answer with up to two digits after the decimal point).