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Lognormal Distribution The following are the values of net

Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola ISBN: 9780321836960 18

Solution for problem 23BB Chapter 6.6

Elementary Statistics | 12th Edition

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Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola

Elementary Statistics | 12th Edition

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Problem 23BB

Lognormal Distribution The following are the values of net worth (in thousands of dollars) of the members of the executive branch of the current U.S. government. Test these values for normality, then take the logarithm of each value and test for normality. What do you conclude?

Step-by-Step Solution:

Answer :

Step 1 of 2 :

Given, The following are the values of net worth (in thousands of dollars) of the members of the executive branch of the current U.S. government.

Histogram for the given data

If the histogram is roughly bell shaped, then the distribution is normal.

The given distribution is not normal.

Step 2 of 2

Chapter 6.6, Problem 23BB is Solved
Textbook: Elementary Statistics
Edition: 12
Author: Mario F. Triola
ISBN: 9780321836960

Since the solution to 23BB from 6.6 chapter was answered, more than 328 students have viewed the full step-by-step answer. This textbook survival guide was created for the textbook: Elementary Statistics, edition: 12. The full step-by-step solution to problem: 23BB from chapter: 6.6 was answered by , our top Statistics solution expert on 03/15/17, 10:30PM. This full solution covers the following key subjects: normal, graph, select, data, option. This expansive textbook survival guide covers 121 chapters, and 3629 solutions. The answer to “Lognormal Distribution The following are the values of net worth (in thousands of dollars) of the members of the executive branch of the current U.S. government. Test these values for normality, then take the logarithm of each value and test for normality. What do you conclude?” is broken down into a number of easy to follow steps, and 46 words. Elementary Statistics was written by and is associated to the ISBN: 9780321836960.

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