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Solved: Continuation of Exercise 4-214. Rework parts (a)
Chapter 4, Problem 216SE(choose chapter or problem)
QUESTION:
Continuation of Exercise 4-214. Rework parts (a) and (b). Assume that the lifetime is a lognormal random variable with the same mean and standard deviation.
Questions & Answers
QUESTION:
Continuation of Exercise 4-214. Rework parts (a) and (b). Assume that the lifetime is a lognormal random variable with the same mean and standard deviation.
ANSWER:Step 1 of 6
Given,
The mean,
The standard deviation,
It’s said to assume that the lifetime is a lognormal random variable with the same mean and standard deviation.
The Mean of Lognormal Distribution is,
The Variance of Lognormal Distribution is,