Losses have a lognormal distribution with μ=6.9078 and σ=1.5174 Determine the percentage increase in the number of losses that exceed 1,000 if all losses are increased by 10%.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.9: Geometric Sequences As Exponential Functions
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Losses have a lognormal distribution with μ=6.9078 and σ=1.5174 Determine the percentage increase in the number of losses that exceed 1,000 if all losses are increased by 10%.
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