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Find the variance of the lognormal variable if the mean and variance of the underlying normal variable are 2 and 1, respectively.
Partnerships
A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
Competent Manager
An individual who possesses the necessary skills, knowledge, and experience to effectively direct and control business operations.
Previous Business Success
The accomplishments and positive outcomes achieved by a business in its past operations, often used to gauge potential for future success.
Capital
Financial assets or resources that individuals or companies use to fund their operations and invest in their businesses.
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