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Question
Find the density function of , where . This is called the lognormal density, since log Y is normally distributed.
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 3Given:
Definition cumulative distribution function of :
is defined as the :
Take the natural logarithm of side of the inequality:
Use the power property of logarithms ):
The natural logarithm of is equal to 1:
Use the definition of the cumulative distribution function of :
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