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Probability that company uses more db during given hour

Rate data often follow a lognormal distribution. Average power usage (dB per hour) for a particular company is studied and is known to have a lognormal distribution with parameters μ = 4 and σ = 2. What is the probability that the company uses more than 270 dB during any particular hour?

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Basic Statistics: Probability that company uses more db during given hour

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Probability that company uses more db during given hour

Reference No:- TGS0685436

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Probability that company uses more db during given hour

Reference No:- TGS0685436

Recent Questions Asked Basic Statistics

Q : Problem based on forecasting

Q : Identify the possible values of the random variable

Q : Explain trials to be independent in a binomial experiment

Q : Maximum profit that can be expected in a day

Q : Probability that company uses more db during given hour

Q : Effective management policies and procedures

Q : Explain about differences in distribution of incomes in town

Q : Briefly restate your research area of interest

Q : Describe a chi-squared application in profession

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