If Has a Lognormal Distribution,what Can Be Said of the Distribution

question 94

Multiple Choice

If has a lognormal distribution,what can be said of the distribution of the random variable X?

• A)X follows a normal distribution.
• B)X follows an exponential distribution.
• C)X follows a standard normal distribution.
• D)X follows a continuous uniform distribution.

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Definitions:

Market Equilibrium

A situation where the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market price.

Deadweight Loss

A reduction in economic effectiveness that happens when a good or service doesn't reach or cannot reach equilibrium.

Price

The monetary value attached to a product or service, determined by the interaction of supply and demand.

Law Office Filing System

An organized method of storing and managing legal documents and case files within a law office.