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Lognormal distribution |
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Definition of Lognormal distributionLognormal distributionA distribution where the logarithm of the variable follows a normal distribution.
Related Terms:Cumulative probability distributionA function that shows the probability that the random variable will DistributionsPayments from fund or corporate cash flow. May include dividends from earnings, capital Frequency distributionThe organization of data to show how often certain values or ranges of values occur. Normal probability distributionA probability distribution for a continuous random variable that is forms a Probability distributionAlso called a probability function, a function that describes all the values that the random variable can Skewed distributionProbability distribution in which an unequal number of observations lie below and Standardized normal distributionA normal distribution with a mean of 0 and a standard deviation of 1. Probability DistributionA list of all possible outcomes and the chance of each outcome distribution costa cost incurred to warehouse, transport, or deliver a product or service probability distributiona range of possible values for which each value has an assigned likelihood of occurrence Normal (bell-shaped) distributionIn statistics, a theoretical frequency Distribution centerA branch warehouse containing finished goods and service Distribution inventoryInventory intended for shipment to customers, usually
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