The Normal and Lognormal Distributions

Cheng-Few Lee, John C. Lee and Alice C. Lee
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Cheng-Few Lee: Rutgers University Business School, Department of Finance and Economics
John C. Lee: Center for PBBEF Research

Chapter Chapter 7 in Statistics for Business and Financial Economics, 2013, pp 271-329 from Springer

Abstract: Abstract In Chap. 6 , we discussed discrete random variables and their distributions. Particularly, we focused on the means and variances of binomial, hypergeometric, and Poisson distributions. Although the distributions derived from these discrete random variables are useful, they are limited. And therefore, statisticians have derived several important continuous distributions to substitute for and/or complement the discrete distributions. The normal distribution is the first important continuous distribution discussed in this chapter. Examples of continuous random variables include the number of miles a car travels on 1 gal of gas and the exact weight of a box of cereal.

Keywords: Probability Density Function; Poisson Distribution; Lognormal Distribution; Binomial Distribution; Normal Curve (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-1-4614-5897-5_7

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