it is easy.. there is only two parameters in the lognormal.. u and sigma
mean = exp( u +sigma^2/2 )
meadian =p50 = exp( u )
now calculate sd.( fist calculate sigma and then sd)
Hello to all and thank you in advance for the help with this.
I am working with a lognormal distribution and am given Percentiles - P10, P50, P90, and Mean.
Question - how do I compute Standard Deviation given these values?
it is easy.. there is only two parameters in the lognormal.. u and sigma
mean = exp( u +sigma^2/2 )
meadian =p50 = exp( u )
now calculate sd.( fist calculate sigma and then sd)
In the long run, we're all dead.
Apologies for the belated thank you. I appreciate your help!
A follow-up question. If the distribution is Normal, and I am given Percentiles P10, P50, and P90, what is the formula for Standard Deviation?
Thank you again.
Robert
P50 will be the mean
First calculate k....
Calculate P(Z <k) =0.90 ---(1)
where Z follows Standard Normal distribution.
you will get k as 1.28 ( check again)
Now you know P90 , say q
ie P(X<q) =.90 where X follows Normal distribution with mean (P50) and sd( we have to calculate now).
P( (X-mean)/sd <(q-mean)/sd) =0.90 -----(2)
using 1 and 2
k = (q-mean)/sd solve sd now...
In the long run, we're all dead.
Thank you again! Your time and advice are really appreciated.
Robert
Hello to all,
Similar question: for a lognormal distribution, P10, P50 and P90 are given. How do you calculate u and sigma?
Using the CDF from
http://en.wikipedia.org/wiki/Log-normal_distribution
Without me stepping through it, you might have to solve simultaneous equations or use iteration.
This
http://en.wikipedia.org/wiki/List_of...mic_identities
may come in handy.
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