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Given that the data below was randomly selected from a lognormal distribution. What is the probability...

Given that the data below was randomly selected from a lognormal distribution. What is the probability of a randomly selected item having a value greater than 3.9? Give your answer to 3 decimal places.

Data

1.72, 124.2, 1.04, 0.84, 12.82, 11.76, 51.2, 0.11

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Answer #1

From the given data

Descriptive Statistics: Data Total Variable Count Mean StDev Variance 8 25.5 1881.2 Data 43.4

25.5 and SD=s = 43.4 S1n ce mean= m = The param eters of log-normal distributi on is 43,4 1n 1+ 25.5 S o2-Scale In|1+ 1.36012

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