Which of the Following Is Not a Characteristic of the Lognormal

question 3

Multiple Choice

Which of the following is not a characteristic of the lognormal distribution?

• A)Some value is the most likely
• B)It is negatively skewed (above the mean more likely)
• C)Values cannot fall below zero
• D)Extreme values (high end only)are possible,but rare
• E)All of the above are characteristic of the lognormal distribution

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Definitions:

Successful Operations

Activities or series of activities within a process which achieve the intended goals or objectives efficiently and effectively.

Poisson Approximation

A statistical technique used to approximate the probabilities of events with a very low probability over a large number of trials.

Binomial Random Variable

A type of random variable that takes the number of successes in a fixed number of trials of a binomial experiment, where each trial results in a success or failure, with the probability of success being the same for all trials.

Cumulative Binomial Probabilities

The sum of the probabilities of obtaining all outcomes up to a specified point in a binomial distribution.