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?

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.