What is the Lognormal Distribution and How does it Help Me
Jan 28, 2025
Dive into the fascinating world of the lognormal distribution and its connection to the bell curve. Learn how viewing data logarithmically reveals hidden patterns in exponential changes. Enjoy whimsical examples like unicorn weights to grasp probability density functions. Discover practical applications in analyzing tire wear and material fatigue, showcasing how statistical modeling predicts performance and longevity. Explore the complexities of reliability engineering and how the choice between distributions significantly impacts decision-making.
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.