If a random variable X has the log-normal distribution with…
If a random variable X has the log-normal distribution with average of -1 and standard deviation of 2: a. Find the mean and standard deviation of X. (3 points) b. Find the probability that the random variable X will take on a value between 3.2 and 8.4 (3 points) c. Find the probability that the random variable X will take on a value greater than 5 (4 points)
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