For the Lognormal Distribution a. Is the mean a parameter of position, scale, shape or a...
For the Lognormal Distribution
a. Is the mean a parameter of position, scale, shape or a combination? Explain.
b. Is the standard deviation a parameter of position, scale, shape or a combination? Explain.
c. How can you convert standard deviation into variance?
Homework Answers
A shape parameter, as the name suggests, affects the
general shape of a distribution.
The larger the scale parameter, the more spread
out the distribution.
a.
Mean is a position parameter.
b.
Standard deviation is a scale parameter, the larger it is , the
more spread out will be the distribution.
c.
Standard deviation is the square root of Variance.
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