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Definition of 'Log-Normal Distribution'
A statistical distribution of random variables which have a normally distributed logarithm. Log-
normal distributions can model a random variable X where log(X) is normally distributed.
These distributions, under multiplication and division, are self-replicating. That is to say,
multiplying or dividing log-normal random variables will result in log-normal distributions.
Solution
Definition of 'Log-Normal Distribution'
A statistical distribution of random variables which have a normally distributed logarithm. Log-
normal distributions can model a random variable X where log(X) is normally distributed.
These distributions, under multiplication and division, are self-replicating. That is to say,
multiplying or dividing log-normal random variables will result in log-normal distributions.

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  • 1. Definition of 'Log-Normal Distribution' A statistical distribution of random variables which have a normally distributed logarithm. Log- normal distributions can model a random variable X where log(X) is normally distributed. These distributions, under multiplication and division, are self-replicating. That is to say, multiplying or dividing log-normal random variables will result in log-normal distributions. Solution Definition of 'Log-Normal Distribution' A statistical distribution of random variables which have a normally distributed logarithm. Log- normal distributions can model a random variable X where log(X) is normally distributed. These distributions, under multiplication and division, are self-replicating. That is to say, multiplying or dividing log-normal random variables will result in log-normal distributions.