Log-normal Distribution — A simple explanation

Log-normal Distribution - A simple explanation

How to calculate μ & σ, the mode, mean, median & variance

About

We will briefly look at the definition of the log-normal and then go onto calculate the distribution’s parameters μ and σ from simple data. We will then have a look at how to calculate the mean, mode, median and variance from this probability distribution.

Informal Definition

The log-normal distribution is a right skewed continuous probability distribution, meaning it has a long …

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