Find the Variance of the Lognormal Variable If the Mean

question 80

Multiple Choice

Find the variance of the lognormal variable if the mean and variance of the underlying normal variable are 2 and 1, respectively.

• A) 0
• B) 12.18
• C) 15.97
• D) 255.02

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Definitions:

Firm's Revenue

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Inventory

The total amount of goods and materials held by a business intended for sale or production.

Scheduling

The process of planning and organizing tasks or events by assigning them to specific times or periods.

Operations

The day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders, covering everything from manufacturing to administration.