Explain What Is Lognormal Distribution In The Context To Insurance?

1.	Explain What Is Lognormal Distribution In The Context To Insurance?
Answer» Lognormal distribution is a PROBABILITY distribution that is USED as a model to CLAIM size distribution; it is positively skewed and has a range from zero to infinity. Lognormal distribution is a probability distribution that is used as a model to claim size distribution; it is positively skewed and has a range from zero to infinity.

Answer»

Lognormal distribution is a PROBABILITY distribution that is USED as a model to CLAIM size distribution; it is positively skewed and has a range from zero to infinity.

Lognormal distribution is a probability distribution that is used as a model to claim size distribution; it is positively skewed and has a range from zero to infinity.

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Explain What Is Lognormal Distribution In The Context To Insurance?

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