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What is the Lognormal Distribution and How does it Help Me
Accendo Reliability Webinar Series
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Understanding Logarithms and Exponential Growth
This chapter explores the use of different bases to create a flexible scale for understanding exponential growth and logarithmic representations. It emphasizes the role of Euler's number and the significance of the natural logarithm in making sense of large numbers through practical examples. Additionally, it delves into the complexities of lognormal distribution and its relationship with logarithmic scales, enhancing the understanding of random variables and their behaviors.
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What is the Lognormal Distribution and How does it Help Me
podcast episode with speaker Chris Jackson
Some of you might have heard of the bell curve.' Some of you might have heard that the bell curve' is sometimes called the normal distribution.' There is a reason it is called normal but that is not always obvious. But then there is the lognormal distribution.' What is this? and how does it relate back to the bell curve?' There is a really good reason for this link. And the good thing is that all you need is just a little bit of knowledge about how something breaks (and is repaired) to help use the lognormal distribution to help you make lots of important decisions easily!
This Accendo Reliability webinar was originally broadcast on 28 January 2025.
To view the recorded video/audio and PDF workbook of the event, visit the webinar page.
Additional content that may be of interest
Lognormal Distribution, Concepts and Applications article/video
Lognormal Distribution article
Calculating Lognormal Distribution Parameters article<
Results-Driven Decisions, Faster: Accelerated Stress Testing as a Reliability Life Test episode
When it's Not Normal: How to Choose from a Library of Distributions episode
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