
What is the Lognormal Distribution and How does it Help Me
Accendo Reliability Webinar Series
00:00
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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